Investing.com - ConAgra Foods (NYSE:CAG) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
ConAgra Foods announced earnings per share of $0.58 on revenue of $2.91B. Analysts polled by Investing.com anticipated EPS of $0.5781 on revenue of $2.84B.
ConAgra Foods shares are down 0% from the beginning of the year and are trading at $33.00 , down-from-52-week-high.They are outperforming the S&P 500 which is down 5.98% from the start of the year.
ConAgra Foods shares lost 3.90% 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 Wednesday, who reported EPS of $3 on revenue of $50.03B, compared to forecasts EPS of $2.97 on revenue of $49.58B.
Alimentation Couchen A had beat expectations on Tuesday, March 15, 2022 with third quarter EPS of $0.7 on revenue of $18.58B, compared to forecast for EPS of $0.6452 on revenue of $18.11B.
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