Campbell Soup’s Q1 Profit Beats, but Revenue Misses; Forecast Unchanged (CPB)

By
A A A
Share |

Packaged foods maker Campbell Soup Company ( CPB ) on Tuesday posted higher-than-expected fiscal first quarter profits, but its revenue totals missed analysts' view.

The Camden, NJ-based company reported fiscal first quarter net income of $265 million, or 82 cents per share, compared with $279 million, or 82 cents per share, in the year-ago period. Last year's results had a greater number of shares outstanding.

Revenue fell 1% from last year to $2.16 billion.


On average, Wall Street analysts expected a smaller profit of 79 cents per share, albeit on higher net sales of $2.21 billion.

Looking ahead, Campbell backed its forecast for full-year fiscal 2012 earnings of $2.35 to $2.42 per share, while analysts expect $2.37 per share for the year.

Campbell Soup shares were unchanged in premarket trading Tuesday.

The Bottom Line
Shares of Campbell Soup ( CPB ) have a 3.45% dividend yield, based on last night's closing stock price of $33.61. The stock has technical support in the $30-$31 price area. If the shares can firm up, we see overhead resistance around the $34-$36 price levels.

Campbell Soup Company ( CPB ) is not recommended at this time, holding a Dividend.com 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 The NASDAQ OMX Group, Inc.

Created by Dividend.com


This article appears in: Investing , Stocks

Referenced Stocks: CPB

Dividend.com

Dividend.com

More from Dividend.com:

Related Videos

Stocks

Referenced

100%

Most Active by Volume

100,376,898
  • $17.62 ▲ 0.51%
83,231,837
  • $25.62 ▲ 1.91%
75,739,329
  • $111.78 ▼ 0.77%
65,297,937
  • $36.37 ▼ 1.76%
59,053,093
  • $47.66 ▲ 0.29%
53,482,350
  • $2.59 ▼ 0.38%
51,504,284
  • $7.34 ▲ 2.37%
51,434,656
  • $8.14 ▲ 6.96%
As of 12/19/2014, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com