Campbell Soup Results Are Not So Tasty On Wall Street

By | May 19, 2014

Scalper1 News

Shares of Campbell Soup (CPB) sank Monday after the food manufacturer topped fiscal third-quarter earnings views but trimmed its sales-growth guidance for the year, hurt by poor sales of its iconic condensed soups. Reporting before the open, Campbell logged earnings of 62 cents a share for the quarter, which ended in April. The results were flat with the prior year but above consensus estimates for 59 cents. The bottom line got a boost from lower Scalper1 News

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