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Benzinga
Benzinga
Business
Adam Eckert

Why Conagra Brands Stock Is Trading Lower

ConAgra Conagra Brands Conagra Brands Inc NYSE

Conagra Brands Inc (NYSE:CAG) shares are trading lower Thursday morning after the company reported financial results and issued guidance below estimates.

Conagra said fiscal third-quarter revenue increased 5.1% year-over-year to $2.91 billion, which beat the $2.84 billion estimate. The company reported quarterly earnings of 58 cents per share, which is in line with estimates.

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