This morning, ConAgra (NYSE:CAG) reported fiscal first quarter earnings of $144.3 million, or 34 cents per share, as revenue climbed to $4.2 billion. Excluding one-time items related to restructuring costs, earnings would have totaled 37 cents per share, falling short of Wall Street estimates by a penny. Further disappointing investors today was the company's weak guidance for 2014, where ConAgra expects to earn $2.34 to $2.38 per share. In early trading, shares of ConAgra were headed lower.
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