(ConAgra story updated with 2010 outlook.)OMAHA, Neb. ( TheStreet) -- ConAgra Foods ( CAG) reported better-than-expected third-quarter earnings, driven by profit improvement at its consumer foods segment . It continues to expect 2010 earnings from continuing operations to approach $1.73 a share compared with the Wall Street estimate of $1.75. The company reported net income of $228.7 million, or 50 cents a share, up from $193.2 million, or 43 cents a share, a year ago. ConAgra's earnings from continuing operations on a comparable basis were 44 cents a share, up 10% from the year-ago period. ConAgra reported net sales of about $3 billion compared with about $3.1billion a year earlier. Analysts surveyed by Thomson Reuters expected earnings of 43 cents on revenue of $3.15 billion. -- Reported by Andrea Tse in New York Follow TheStreet.com on Twitter and become a fan on Facebook.