ConAgra Weak Today Following Earnings

Filed under: Earnings Reports, ConAgra Foods (CAG)

ConAgra Foods, Inc. (CAG) isn't having a tasty day. The food manufacturer finds its shares down in afternoon trading with slightly over an hour to go before the market ceases activities. A quote of $24.34 just went by, which is representative of a 1.4% decline. Volume isn't too heavy, though.



Last time around, I thought the stock might be a decent value. I also thought the earnings report back then was rather boring. Well, it's kind of the same thing this time around, too. For the fiscal fourth quarter, Reuters says that the adjusted profit of 39 cents per share from continuing operations was one cent short of analyst projections. Also, the top line contracted by 5%.

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ConAgra Weak Today Following Earnings originally appeared on BloggingStocks on Thu, 24 Jun 2010 17:00:00 EST. Please see our terms for use of feeds.

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