Campbell Soup Q2 Profit Falls 14%, but Still Beats View (CPB)


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Packaged foods maker Campbell Soup Company ( CPB ) on Friday posted a 14% decline in fiscal second quarter earnings, but results still beat analyst expectations.

The Camden, NJ-based company reported fiscal second quarter net income of $205 million, or 64 cents per share, compared with $239 million, or 72 cents per share, in the year-ago period.

Revenue fell slightly from last year to $2.11 billion.

On average, Wall Street analysts expected a smaller profit of 62 cents per share, albeit on slightly higher revenue of $2.12 billion.

Campbell Soup shares rose 44 cents, or +1.4%, in premarket trading Friday.

The Bottom Line
Shares of Campbell Soup ( CPB ) have a 3.62% dividend yield, based on last night's closing stock price of $32.06. The stock has technical support in the $30-$31 price area. If the shares can firm up, we see overhead resistance around the $34 price level.

Campbell Soup Company ( CPB ) is not recommended at this time, holding a DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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