Recap: Campbell Soup Q3 Earnings

Shares of Campbell Soup (NYSE:CPB) rose 3.8% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 48.21% year over year to $0.83, which beat the estimate of $0.71.

Revenue of $2,238,000,000 decreased by 6.28% from the same period last year, which beat the estimate of $2,170,000,000.

Guidance

Campbell Soup raised its FY20 adjusted EPS guidance from $2.55-$2.60 to $2.87-$2.92.

Conference Call Details

Date: Jun 03, 2020

Time: 08:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/cfvy5ewr

Technicals

52-week high: $57.54

52-week low: $35.27

Price action over last quarter: down 0.32%

Company Description

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