Stronger performances from ConAgra Foods’ ingredients business – as well as its trading in agricultural and energy commodities – have led the company to lift its second-quarter guidance.

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The company said yesterday that underlying second-quarter earnings would be “higher than planned”.


ConAgra had indicated that second-quarter diluted earnings per share would be in line with last year.


The company said it would publish specific figures when it published its second-quarter results on 20 December.


In September, ConAgra posted a 21.5% rise in first-quarter earnings after earnings were lifted as profits from its trading and merchandising arm almost quadrupled.

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Quarterly earnings from ConAgra’s consumer foods business dipped 3.4%, while earnings from its international foods operations tumbled 14.4%. In sum, operating profit reached US$383.5m.

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