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Conagra Brands Inc. (CAG) announced a profit for second quarter that decreased from the same period last year and missed the Street estimates.


RTTNews | Jan 6, 2022 07:34AM EST

07:34 Thursday, January 6, 2022 (RTTNews.com) - Conagra Brands Inc. (CAG) announced a profit for second quarter that decreased from the same period last year and missed the Street estimates.

The company's bottom line came in at $275.5 million, or $0.57 per share. This compares with $378.9 million, or $0.77 per share, in last year's second quarter.

Excluding items, Conagra Brands Inc. reported adjusted earnings of $306.3 million or $0.64 per share for the period.

Analysts on average had expected the company to earn $0.68 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.0% to $3.06 billion from $3.00 billion last year.

Conagra Brands Inc. earnings at a glance:

-Earnings (Q2): $275.5 Mln. vs. $378.9 Mln. last year.-EPS (Q2): $0.57 vs. $0.77 last year.-Analyst Estimates: $0.68-Revenue (Q2): $3.06 Bln vs. $3.00 Bln last year.

-Guidance:Full year EPS guidance: $2.50

Read the original article on RTTNews ( https://www.rttnews.com/3253202/conagra-brands-inc-q2-profit-decreases-misses-estimates.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com All Rights Reserved






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