Conagra Brands Inc. Q3 adjusted earnings Beat Estimates

Conagra Brands Inc. (CAG) revealed a profit for its third quarter that advanced from last year.

The company's profit totaled $281.4 million, or $0.58 per share. This compares with $204.4 million, or $0.42 per share, in last year's third quarter.

Excluding items, Conagra Brands Inc. reported adjusted earnings of $287.5 million or $0.59 per share for the period.

Analysts had expected the company to earn $0.58 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.2% to $2.77 billion from $2.56 billion last year.

Conagra Brands Inc. earnings at a glance:

-Earnings (Q3): $287.5 Mln. vs. $231.8 Mln. last year.
-EPS (Q3): $0.59 vs. $0.47 last year.
-Analysts Estimate: $0.58
-Revenue (Q3): $2.77 Bln vs. $2.56 Bln last year.

Next quarter EPS guidance: $0.49 to $0.55

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