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Conagra Brands Falls After Mixed Second-Quarter Results
Conagra Brands Inc. (CAG - Get Report) was falling Thursday after the food packaging company reported mixed fiscal second-quarter results.
The stock was down 11.55% to $25.73 a share.
Conagra reported adjusted earnings of 67 cents a share in the period vs. analysts' expectations of 56 cents. GAAP EPS was 31 cents. Revenue was $2.38 billion, which missed Wall Street's estimates of $2.41 billion.
The per-share earnings were 22% higher than last year's second quarter. Net sales increased 9.7%, in part because of the acquisition of Pinnacle Foods for $10.9 billion in cash and stock.
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https://www.thestreet.com/markets/conagr...yptr=yahoo
![[Bild: CAGc1dl1422.png]](https://finviz.com/publish/122018/CAGc1dl1422.png)
Conagra Brands Inc. (CAG - Get Report) was falling Thursday after the food packaging company reported mixed fiscal second-quarter results.
The stock was down 11.55% to $25.73 a share.
Conagra reported adjusted earnings of 67 cents a share in the period vs. analysts' expectations of 56 cents. GAAP EPS was 31 cents. Revenue was $2.38 billion, which missed Wall Street's estimates of $2.41 billion.
The per-share earnings were 22% higher than last year's second quarter. Net sales increased 9.7%, in part because of the acquisition of Pinnacle Foods for $10.9 billion in cash and stock.
...
https://www.thestreet.com/markets/conagr...yptr=yahoo
