ConAgra Foods Inc
The maker of Hunt's ketchup, Chef Boyardee pasta and Pam cooking spray earned $85.3 million, or 20 cents per share, in its fiscal first quarter that ended on August 28, compared with $146.4 million, or 33 cents per share, a year earlier.
Excluding one-time items, ConAgra earned 29 cents per share.
Sales rose 9.5 percent to $3.07 billion, helped by price increases. Analysts on average forecast $2.94 billion, according to Thomson Reuters I/B/E/S.
The results come a day after ConAgra walked away from its months-long pursuit of Ralcorp Holdings Inc
(Reporting by Brad Dorfman in Chicago. Additional reporting by Martinne Geller in New York; Editing by Maureen Bavdek)