Shares of ConAgra Foods (CAG) - Get Report were higher after the company posted better-than-expected earnings for the 2017 fiscal first quarter. The packaged food company reported earnings of $0.61 a share, beating analysts' estimates by $0.13 a share. But, revenue of $2.67 billion for the period was below Wall Street's expectations. ConAgra said it remains on track to execute the spinoff of its Lamb Weston business this fall. Lamb Weston will be a food service supplier of frozen potatoes. Last year, the company announced plans to separate into two, independent public companies.
Employees of TheStreet are restricted from trading individual securities.