OMAHA, Neb. - ConAgra Foods Inc. says its first-quarter profit jumped as price increases boosted its sales. But its earnings from continuing operations fell shy of analyst expectations amid rising commodity costs.
The Omaha-based maker of Healthy Choice, Hunts and other brands is also lowering its outlook for fiscal 2009.
ConAgra said Thursday it earned $442.2 million, or 94 cents per share, up from $175.4 million, or 36 cents per share, a year ago.
But it says earnings from continuing operations totaled 23 cents per share - a penny below Wall Street expectations.
Tyson says revenue rose 17 percent to $3.07 billion.
The company expects earnings of $1.50 per share in fiscal 2009, from a previous range of $1.56 to $1.59 per share.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.