ConAgra profits rise five percent in 4Q
The Omaha-based company earned $201 million for the quarter, compared to $192 million for the same quarter last year.
ConAgra said its revenue jumped 15.2 percent, to $3.08 billion in the fourth quarter. That's below the $3.4 billion revenue analysts surveyed by Thomson Financial reportedly expected.
ConAgra said that it expects it will earn between $1.56 and $1.59 per share during fiscal 2009. Most of ConAgra's profit from discontinued operations reportedly came from its trading and merchandising group that buys and sells agricultural commodities, fertilizer and energy.
Source: Associated Press