News Formal

Conagra's stock tumbles after earnings miss, downbeat outlook

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 97%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Shares of Conagra Brands Inc. |phrase background-info='BRIEFING-BOOK' name='cag' significance='MWLEGACY' type='COMPANY' vrtysux='COMPANY|cag'||/phrase| tumbled 8.8% in premarket trade Thursday, on track to open at the lowest level since November, after the branded food company missed fiscal first-quarter earnings and sales expectations, as the company cited a "challenging inflationary environment," and provided a downbeat profit outlook. The company, which brands include Hunt's, Healthy Choice and Orville Redenbacher's, reported net income for the quarter to Aug. 26 of $178.2 million, or 45 cents a share, up from $152.5 million, or 36 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to 47 cents, below the FactSet consensus of 49 cents. Sales rose 1.7% to $1.83 billion, missing the FactSet consensus of $1.85 billion. Grocery and snacks sales rose 3.4% to $771 million, below the FactSet consensus of $782 million, and refrigerated and frozen sales increased 3.2% to $635 million, but missed expectations of $637 million. For the fiscal second quarter, Conagra expects adjusted EPS of 57 cents to 60 cents, below the FactSet consensus of 64 cents. The stock has edged up 1.7% over the past three months while the S&P 500 |phrase background-info='BRIEFING-BOOK' name='spx' significance='MWLEGACY' type='COMPANY' vrtysux='COMPANY|spx'||/phrase| has gained 7.6%.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 3. in DE
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Come on Sean!

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Express's stock plunges as downbeat outlook trumps earnings, sales beat
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Apple beats on earnings, but stock falls after December outlook missesApple Inc. reported better-than-expected financial results for its fiscal fourth quarter, but shares sank in after-hours trading Thursday after the company delivered a disappointing forecast for the holiday period. Markets will burn !
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Nvidia stock drops 15% as earnings, outlook miss
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Bank stocks tumble into bear market territory as anxious stock market awaits their earnings reportsIt is traditionally a weak quarter for banks, but rising rates and worries over trade tariffs are adding pressure to expectations.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Intel's stock rallies more than 5% as earnings, outlook top Wall Street targets
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Apple’s stock flirts with bear market after Guggenheim cuts rating, earnings outlookApple shares fall toward a fifth-straight loss after Guggenheim Securities analyst Robert Cihra cut his rating and earnings estimate, saying rising selling prices is “no longer enough” to offset weakening iPhone units. time to move into crypto xrp Amazing, once-in-a-lifetime opportunity. $AAPL Everything listed will go into profit booking ., It's just normal
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Skechers stock jumps on earnings beat, outlook
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Stocks Drop on Earnings Outlooks, Worries About Global GrowthStocks sold off worldwide with technology shares plunging amid resurgent fears about the health of China’s economy, concerning outlooks from industrial giants and a slew of geopolitical concerns. In the U.S., the S&P 500 and the Dow Jones Industrial Average both fell more than 1%. Hogwash. Give it a day or two and suddenly headlines will be upbeat. Never believe any stated reasons to justify the direction of the markets. Traders get paid in up and down markets. They only care that trading activity continues. Time to buy!!! The rich Democrats are dumping. Buy! Buy! Buy! We can thank Trump for messing up the world markets with his nationalistic sense of trade and taxes.... markets thrive on stability and there’s nothing stable about Trump!
Herkunft: WSJ - 🏆 98. / 63 Weiterlesen »

Intel stock rallies on raised outlook, earnings beat for server and PC salesIntel Corp.’s beleaguered shares rallied in the extended session Thursday after the chip giant raised its outlook for the year and soundly beat Wall Street estimates in its largest business segments.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »