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Stock Market & Financial Investment News

News Breaks
March 20, 2014
07:32 EDTCAGConAgra reports Q3 adjusted EPS 62c, consensus 60c
Reports Q3 revenue $4.39B, consensus $4.4B. The company says Consumer Foods sales declined in line with expectations, and comparable operating profit was flat. Challenges for a few key brands are weighing on overall segment sales results. Strong productivity, lower marketing expense, and other cost reductions benefited segment profits. Gary Rodkin, ConAgra Foods’ CEO, said, “We are on track with our EPS projections for the second half of this fiscal year. As we have previously discussed, there are operating challenges that have impacted segment performance and overall EPS growth, but we are encouraged by some pockets of strength. This quarter we posted good sales and market share performances for some of our consumer brands, good international growth for our potato operations, and continued improvement in the operations and organization for our private brands. The synergies expected from the former Ralcorp businesses are coming in slightly ahead of plans, and we continue to make good progress on SG&A efficiency initiatives. We reaffirm our full year fiscal 2014 EPS guidance, and remain confident in our long-term strategy and outlook.”
News For CAG From The Last 14 Days
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September 26, 2014
16:18 EDTCAGConAgra files automatic mixed securities shelf
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September 23, 2014
10:39 EDTCAGConAgra unit launches partnership with USO
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September 19, 2014
16:24 EDTCAGStocks rise after Fed keeps pledge for 'considerable time' before rate hike
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September 18, 2014
16:27 EDTCAGOn The Fly: Closing Wrap
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12:45 EDTCAGOn The Fly: Midday Wrap
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10:27 EDTCAGOptions with decreasing implied volatility
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10:03 EDTCAGConAgra says to limit share repurchases as company delevers
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08:59 EDTCAGOn The Fly: Pre-market Movers
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07:37 EDTCAGConAgra sees Q2 comparable EPS in line with 2Q14
Comparable EPS for the 2Q15 is expected to be in line with year-ago amounts given the strong comparable EPS performance in 2Q14. Q2 EPS consensus 61c.
07:34 EDTCAGConAgra backs FY15 EPS view of mid-single digit rate growth vs. FY14
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07:33 EDTCAGConAgra reaffirms commitment to maintaining strong dividend
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07:32 EDTCAGConAgra reports Q1 adjusted EPS 39c, consensus 35c
Reports Q1 revenue $3.7B, consensus $3.73B. Gary Rodkin, ConAgra Foods’ CEO, said, “We are pleased with the good start to fiscal 2015, which demonstrates improving fundamentals and better execution. Volume for Consumer Foods is recovering, Lamb Weston’s foodservice channel sales are robust, and cost savings programs across the company are coming in as planned. We remain confident that fiscal 2015 will be a year of stabilization and recovery, and I look forward to updating you on our progress throughout the fiscal year.”

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