Market Overview

UPDATE: Campbell Soup Posts Upbeat Adjusted Profit

Related CPB
3 Small Caps With Revenues Rising In The Double Digits
Senomyx (SNMX) Falls: Stock Goes Down 5.1% - Tale of the Tape

Campbell Soup Co (NYSE: CPB) swung to a loss in its fiscal fourth quarter.

Campbell Soup posted a quarterly loss of $158 million, or $0.50 per share, versus a year-earlier profit of $127 million, or $0.40 per share. Its adjusted earnings climbed to $142 million, of $0.45 per share, versus $130 million, or $0.41 per share.

Its net sales surged to $1.72 billion from $1.52 billion, while adjusted sales gained 13% to $1.82 billion. However, analysts were projecting earnings of $0.42 per share on sales of $1.84 billion.

Campbell Soup shares closed at $44.71 yesterday.

Posted-In: lossEarnings News

 

Most Popular

Related Articles (CPB)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free