date:Sep 11, 2013
is implementing cost management initiatives.
Omaha, Nebraska-based ConAgra estimated first-quarter adjusted earnings of 37 cents per share. Analysts on average were expecting a profit of 45 cents per share, according to Thomson Reuters I/B/E/S.
The company also cut its fiscal 2014 profit forecast to $2.34-$2.38 per share, down from $2.40 earlier and lower than the average analyst estimate of $2.41 per share.