Wednesday, June 27, 2007

ConAgra profit beats estimates on trading strength

(Reuters) - The company posted net income of $192.0 million, or 39 cents a share, for the fourth quarter ended May 27, compared with $59.2 million, or 11 cents, a year earlier.




Income from continuing operations was 38 cents a share, including costs of 2 cents a share related to a recall of Peter Pan peanut butter and a benefit of 1 cent a share from a lower-than-expected tax rate.


Read more at Reuters.com Market News

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