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Stock Market & Financial Investment News

News Breaks
February 19, 2013
07:31 EDTCAGConAgra raises FY13 EPS view to $2.15, consensus $2.13
Sees Ralcorp adding 5c to FY13 EPS. The company currently expects Ralcorp to add approximately 25c to FY14 diluted EPS, adjusted for items impacting comparability. Given the debt utilized to purchase Ralcorp, ConAgra Foods will focus on aggressive debt reduction through the end of fiscal 2015. The company plans to maintain its strong $1.00/share dividend throughout that period, and will evaluate dividend increases once its near-term debt reduction goals have been met.
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