Investing.com - ConAgra Foods (NYSE:CAG) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
ConAgra Foods announced earnings per share of $0.5 on revenue of $2.65B. Analysts polled by Investing.com anticipated EPS of $0.4847 on revenue of $2.52B.
ConAgra Foods shares are down 4% from the beginning of the year and are trading at $34.25 , down-from-52-week-high.They are under-performing the S&P 500 which is up 16.17% from the start of the year.
ConAgra Foods shares lost 0.67% in pre-market trade the report.
ConAgra Foods follows other major Consumer/Non-Cyclical sector earnings this month
ConAgra Foods's report follows an earnings beat by PepsiCo on Tuesday, who reported EPS of $1.79 on revenue of $20.19B, compared to forecasts EPS of $1.73 on revenue of $19.37B.
Constellation Brands B had missed expectations on Wednesday with second quarter EPS of $2.38 on revenue of $2.37B, compared to forecast for EPS of $2.78 on revenue of $2.3B.
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