UPDATE: Campbell Soup Posts Drop In Q1 Profit
Campbell Soup Co (NYSE: CPB) reported a drop in its first-quarter net earnings.
Campbell Soup's quarterly net profit declined to $245 million, or $0.78 per share, versus $265 million, or $0.82 per share, in the year-ago period. Excluding one-time items, it earned $0.88 per share.
Campbell Soup's sales climbed to $2.34 billion from $2.16 billion.
Campbell Soup shares closed at $36.95 yesterday.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.