Investing.com - ConAgra Foods (NYSE:CAG) reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
ConAgra Foods announced earnings per share of $0.57 on revenue of $3.06B. Analysts polled by Investing.com anticipated EPS of $0.6798 on revenue of $3.02B.
ConAgra Foods shares are down 0% from the beginning of the year and are trading at $33.99 , down-from-52-week-high.They are outperforming the S&P 500 which is down 1.38% from the start of the year.
ConAgra Foods shares lost 0.47% in pre-market trade the report.
ConAgra Foods follows other major Consumer Staples sector earnings this month
ConAgra Foods's report follows an earnings beat by Costco on Thursday, December 9, 2021, who reported EPS of $2.97 on revenue of $50.36B, compared to forecasts EPS of $2.62 on revenue of $49.65B.
Walgreens Boots had beat expectations on Thursday with first quarter EPS of $1.68 on revenue of $33.9B, compared to forecast for EPS of $1.35 on revenue of $32.46B.
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