Conagra Stock Jumps on Strong Earnings as Cost Cuts Offset Sluggish Demand

Key TakeawaysConagra Brands shares jumped in intraday trading Thursday on a third-quarter earnings report that beat analyst estimates.The owner of dozens of food brands such as Slim Jim, Healthy Choice and Duncan Hines reported net sales of $3.03 billion for the quarter, just above estimates.The company credited cost-cutting measures and increased productivity for its higher-than-expected profit. Conagra Brands (CAG) stock rose Thursday following the release of a quarterly earnings report that beat analyst ...