ConAgra profit climbs 17%, lifts view
NEW YORK (MarketWatch) — ConAgra Foods Inc. said Thursday its second-quarter profit increased to 1.6 million, or 51 cents a share, from 0.2 million, or 43 cents a share, in the year-ago period. Net sales rose by 8.9% to .74 billion. Wall Street analysts expected the company to earn 55 cents a share on sales of .68 billion, according to a survey by FactSet. Looking ahead, ConAgra lifted its fiscal 2013 forecast to at least .06 a share, up from its earlier estimate of .03 to .06 a share. Analysts expect the Omaha, Neb., company to earn .07 for the year. ConAgra’s view doesn’t include any boost from its acquisition of Ralcorp Holdings , which is on track to close by the end of March.
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