Wednesday, December 12, 2007

ConAgra Stock Climbs Most in Seven Years

Omaha based ConAgra Foods Inc., the maker of Peter Pan peanut butter and Slim Jims meat snacks, climbed the most in seven years in U.S. trading Thursday after the company said second quarter profit from continuing operations beat its forecast. The food maker said earnings for the three months through Nov 25, exceeded its previous projection of about 40 cents a share. It cited revenue gains from seasonings and foods sold to restaurants and other food manufacturers, as well as commodities trading.

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