Shares of Conagra Brands (NYSE: CAG) climbed 5.4% on Thursday after the consumer packaged goods company announced stronger-than-expected quarterly results before the opening bell.

In its fiscal 2024 third quarter, which ended Feb. 25, Conagra Brands' net sales declined 1.7% year over year to $3.03 billion, including a 0.3% tailwind from currency exchange rate moves and a 2% organic sales decline. That translated to a 10.1% decrease in adjusted (non-GAAP) earnings to $329 million, or $0.69 per share.

Analysts, on average, were only expecting adjusted earnings of $0.65 per share on roughly the same revenue.

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Source Fool.com