ConAgra Foods Investors Hold Meeting In Omaha

ConAgra Foods shareholders will gather in Omaha on Friday afternoon to hear an update on the company's performance and ask top executives questions. Investors should be in a good mood after the quarterly earnings report ConAgra released Thursday.

OMAHA, Neb. (AP) — ConAgra Foods shareholders will gather in Omaha on Friday afternoon to hear an update on the company's performance and ask top executives questions.

Investors should be in a good mood after the quarterly earnings report ConAgra released Thursday. The Omaha, Neb.-based maker of Orville Redenbacher, Healthy Choice, Banquet and other branded foods says its profit nearly tripled to $250 million in its first quarter.

ConAgra also announced plans to increase its dividend by a penny to 25 cents per share.

And the company now says predicts adjusted earnings of $2.03 to $2.06 per share, up from its previous forecast of $1.95 to $1.99 per share.

ConAgra's shares gained more than 6 percent Thursday and set a new 52-week high at $27.75.

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ConAgra Foods Inc.: www.conagrafoods.com

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