Campbell Soup beats 1Q net income and revenue expectations
Campbell Soup Co. (CPB) on Tuesday reported fiscal first-quarter earnings of $234 million.
On a per-share basis, the Camden, New Jersey-based company said it had net income of 74 cents.
The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.
The maker of canned soup, Pepperidge Farm cookies and V8 juice posted revenue of $2.26 billion in the period, also surpassing Street forecasts. Analysts expected $2.22 billion, according to Zacks.
Campbell expects full-year earnings in the range of $2.42 to $2.50 per share.
Campbell shares have increased 3 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 12 percent. The stock has climbed 13 percent in the last 12 months.
This story was generated by Automated Insights using data from Zacks Investment Research. CPB stock research report from Zacks.
Keywords:Campbell Soup,Earnings Report