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CONAGRA EXPECTS 15 PERCENT THIRD QUARTER EARNINGS GAIN

 OMAHA, Neb., March 15 /PRNewswire/ -- ConAgra Inc. (NYSE: CAG) today announced it expects that fiscal year 1993 third quarter earnings per share will be up 15 percent.
 For fiscal '93's third quarter ended Feb. 28, ConAgra expects to report earnings per share of 38 cents, an increase of 15 percent from 33 cents in last year's third quarter. Net income is expected to be approximately $93 million, up 11 percent from $84.1 million a year ago. These are preliminary estimates subject to confirmation when ConAgra releases third quarter results next week.
 ConAgra's president and chief executive officer, Philip B. Fletcher, said, "The expected third quarter results will keep us on track toward ConAgra's 13th consecutive year of record earnings per share. Much more important for the long run, we are building earning power this year aimed squarely at sustaining ConAgra's long-term growth."
 The expected third quarter figures would result in earnings per share of $1.19 for the first nine months of fiscal '93, up 11 percent from $1.07 the previous year. Net income for the first nine months would be approximately $295 million, an increase of 12 percent from $264.5 million last year.
 -0- 3/15/93
 /CONTACT: Walt Casey of ConAgra, 402-595-4154/
 (CAG)


CO: ConAgra Inc. ST: Nebraska IN: FOD SU: ERP

MC -- DV005 -- 5893 03/15/93 09:02 EST
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Publication:PR Newswire
Date:Mar 15, 1993
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