ConAgra Foods said today (19 February) that third-quarter earnings would be higher than originally planned, thanks to its strong trading in agricultural and energy commodities.
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Previously, the US food giant had communicated expectations for second-half EPS to be in the range of US$0.70, with slightly more EPS in the fiscal third quarter than the fourth.
ConAgra said that the performance of its trading and merchandising segment had been stronger than planned but added that input costs had weighed on its consumer foods division.