Conagra Brands Inc. Q2 Adjusted Earnings Beat Estimates

Conagra Brands Inc. (CAG) reported earnings for its second quarter that rose from the same period last year.The company’s earnings came in at $260.5 million, or $0.53 per share. This compares with $131.6 million, or $0.31 per share, in last year’s second quarter.

Excluding items, Conagra Brands Inc. reported adjusted earnings of $306.1 million or $0.63 per share for the period.

Analysts had expected the company to earn $0.57 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 18.5% to $2.82 billion from $2.38 billion last year.

Conagra Brands Inc. earnings at a glance:

-Earnings (Q2): $306.1 Mln. vs. $282.7 Mln. last year. -EPS (Q2): $0.63 vs. $0.67 last year. -Analysts Estimate: $0.57 -Revenue (Q2): $2.82 Bln vs. $2.38 Bln last year.

-Guidance: Full year EPS guidance: $2.07 to $2.17

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