Conagra Brands Inc. (CAG) announced earnings for its second quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $381.9 million, or $0.79 per share. This compares with $275.5 million, or $0.57 per share, in last year's second quarter.
Excluding items, Conagra Brands Inc. reported adjusted earnings of $391.8 million or $0.81 per share for the period.
Analysts on average had expected the company to earn $0.66 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 $3.31 billion from $3.06 billion last year.
Conagra Brands Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $381.9 Mln. vs. $275.5 Mln. last year.
-EPS (Q2): $0.79 vs. $0.57 last year.
-Analyst Estimate: $0.66
-Revenue (Q2): $3.31 Bln vs. $3.06 Bln last year.
-Guidance:
Full year EPS guidance: $2.60 - $2.70
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