ConAgra Foods is a prominent American packaged foods company that specializes in producing and marketing a wide range of food products. The company offers a diverse portfolio that includes frozen meals, condiments, snacks, and cooking ingredients, catering to both retail and food service sectors. With a focus on delivering high-quality, convenient food options, ConAgra works to innovate and meet the changing tastes and preferences of consumers. The company is committed to sustainability and responsible sourcing, aiming to support healthy eating and contribute positively to the communities it serves. Read More
The US market is yet to commence its session on Friday, but let's get a preview of the pre-market session and explore the top S&P500 gainers and losers driving the early market movements.
Wondering what's happening in today's session regarding gap up and gap down stocks? Explore the S&P500 index on Tuesday to uncover the stocks that are gapping in the S&P500 index.
Value stocks typically trade at discounts to the broader market, offering patient investors the opportunity to buy businesses when they’re out of favor.
The key risk, however, is that these stocks are usually cheap for a reason – five cents for a piece of fruit may seem like a great deal until you find out it’s rotten.
Conagra Brands saw its shares decline in premarket trading after reporting a 6.3% year-over-year drop in Q3 FY25 sales to $2.84 billion, missing estimates. Adjusted EPS came in at $0.51, below the $0.53 consensus. Organic net sales fell 5.2%, impacted by pricing and volume declines. Despite setbacks, Conagra reaffirmed its FY25 outlook.
Packaged foods company Conagra Brands (NYSE:CAG) missed Wall Street’s revenue expectations in Q1 CY2025, with sales falling 6.3% year on year to $2.84 billion. Its non-GAAP profit of $0.51 per share was 3.3% below analysts’ consensus estimates.
Shares of electricity generation and hydrogen production company Bloom Energy (NYSE:BE) jumped 6.6% in the afternoon session after Conagra (NYSE:CAG) announced plans to partner with the company (Bloom Energy) to deploy Bloom's fuel cell technology at its manufacturing plants in Troy and Archbold, Ohio.
Shares of Bloom Energy Corporation (NYSE: BE) are trading higher Tuesday after the company announced a partnership with Conagra Brands Inc (NYSE: CAG) to implement fuel cell technology at its Ohio production facilities.
Conagra Brands is deploying Bloom Energy's fuel cell technology at its Ohio facilities through a 15-year PPA. This six-megawatt installation will provide up to 75% of the sites' electricity needs while cutting greenhouse gas emissions by 19%.
