Campbell's Soup Is Soggy Today (CPB)

Shares of Campbell Soup Co. (NYSE: CPB) are down on the day, losing more than 3% after the world's largest soup maker reported earnings that were better than expected, but provided weaker than expected guidance.

The New Jersey-based company reported its fourth-quarter net income rose 63 percent from 2009, as earnings jumped to 33 cents per share.

Sales fell slightly compared with the same period last year, dropping to $1.52 billion this year from $1.53 billion last year.

Campbell said it now expects sales growth for 2011 of 2-3%, which is slightly below the company's long-term target.

Shares of Campbell are down $1.22 on the day, trading at $36.10.

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