ConAgra Foods Inc. (NYSE: CAG) saw its stock rise Tuesday, a day after the company’s third-quarter profit topped Wall Street expectations.
The packaged food maker also lifted its full-year guidance on Monday for the second time in three months.
Shares of ConAgra, which makes Chef Boyardee, Marie Callender's, Healthy Choice and other products, gained 85 cents, or 3.9 percent, to $22.68 in afternoon trading. That's near their 52-week high of $23.13.
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ConAgra reported earnings of 54 cents per share and income from continuing operations of 55 cents per share. Adjusted income from continuing operations was 52 cents per share.
Analysts surveyed by Thomson Reuters, whose estimates normally exclude one-time items, expected a profit of 47 cents per share.
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