Conagra Brands Q3 Adj EPS $0.69 Beats $0.65 Estimate, Sales $3.03B Beat $3.01B Estimate
Portfolio Pulse from Benzinga Newsdesk
Conagra Brands (CAG) reported Q3 adjusted EPS of $0.69, surpassing the $0.65 estimate, and sales of $3.03B, exceeding the $3.01B estimate. However, this represents a decrease from the previous year's earnings and sales.
April 04, 2024 | 11:32 am
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Conagra Brands reported higher-than-expected Q3 earnings and sales, but with a decrease from last year's figures.
Beating earnings and sales estimates typically has a positive short-term impact on a company's stock price. However, the year-over-year decrease in earnings and sales might temper investor enthusiasm, suggesting a cautious optimism.
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