ConAgra Foods reports third-quarter loss of $952.7 million

MarketsAssociated Press

ConAgra Foods Inc. (CAG) on Thursday reported a fiscal third-quarter loss of $952.7 million, after reporting a profit in the same period a year earlier.

The Omaha, Nebraska-based company said it had a loss of $2.23 per share. Earnings, adjusted for one-time gains and costs, came to 59 cents per share.

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The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share.

The maker of Chef Boyardee, Hebrew National hot dogs and other packaged foods posted revenue of $3.88 billion in the period, meeting Street forecasts.

ConAgra expects full-year earnings in the range of $2.15 to $2.19 per share.

ConAgra shares have decreased nearly 4 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has increased 16 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAG at http://www.zacks.com/ap/CAG

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Keywords: ConAgra Foods, Earnings Report