• FILE - In this Jan. 8, 2014, file photo, cans of Campbell's soup are photographed in Washington. Campbell Soup reports earnings Tuesday, Nov. 22, 2016. (AP Photo/J. David Ake, File)

    FILE - In this Jan. 8, 2014, file photo, cans of Campbell's soup are photographed in Washington. Campbell Soup reports earnings Tuesday, Nov. 22, 2016. (AP Photo/J. David Ake, File) (The Associated Press)

  • FILE - In this Jan. 8, 2014, file photo, cans of Campbell's soup are photographed in Washington. Campbell Soup reports earnings Tuesday, Nov. 22, 2016. (AP Photo/J. David Ake, File)

    FILE - In this Jan. 8, 2014, file photo, cans of Campbell's soup are photographed in Washington. Campbell Soup reports earnings Tuesday, Nov. 22, 2016. (AP Photo/J. David Ake, File) (The Associated Press)

Campbell beats 1Q profit forecasts

Markets Associated Press

Campbell Soup Co. (CPB) on Tuesday reported fiscal first-quarter profit of $292 million.

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The Camden, New Jersey-based company said it had profit of 94 cents per share. Earnings, adjusted for non-recurring costs and restructuring costs, came to $1 per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 95 cents per share.

The maker of canned soup, Pepperidge Farm cookies and V8 juice posted revenue of $2.2 billion in the period, meeting Street forecasts.

Campbell expects full-year earnings in the range of $3 to $3.09 per share.

Campbell shares have risen nearly 5 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 7.5 percent. The stock has increased 11 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CPB at https://www.zacks.com/ap/CPB

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Keywords: Campbell Soup, Earnings Report