More from Dividend.com
Referenced Stocks

Campbell Soup’s Q4 Profit Jumps 27%, Beating View (CPB)

By Dividend.com,  September 04, 2012, 08:45:34 AM EDT

Packaged foods maker Campbell Soup Company ( CPB ) on Tuesday posted better-than-expected fiscal fourth quarter earnings results and offered a somewhat optimistic fiscal 2013 forecast.

The Camden, NJ-based company reported fiscal fourth quarter net income of $127 million, or 40 cents per share, compared with $100 million, or 31 cents per share, in the year-ago period. Excluding special items, adjusted profit was 41 cents per share.

Revenue rose 6% from last year to $1.61 billion.

On average, Wall Street analysts expected a smaller profit of 38 cents per share, on nearly matching revenue of $1.6 billion.

Looking ahead, CPB forecast current-year earnings of $2.51 to $2.57 per share, while analysts are looking for $2.52 per share for the year.

Campbell Soup shares rose $1.51, or +4.3%, in premarket trading Tuesday.

The Bottom Line
Shares of Campbell Soup ( CPB ) have a 3.30% dividend yield, based on Friday's closing stock price of $35.14. The stock has technical support in the $32-$33 price area. If the shares can firm up, we see overhead resistance around the $37-$39 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.


This article appears in: Investing, Stocks

Referenced Stocks: CPB



Latest News Video

Private Island on the Thames: $11.7 Million
Private Island on the Thames: $11.7...
Take Control Of Your Wealth
Take Control Of Your Wealth         
How to Avoid Getting Caught Pre-Defection
How to Avoid Getting Caught Pre-Def...
WSJ House of the Week: And the Winner Is…
WSJ House of the Week: And the Winn...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.




Most Active by Volume:

Company Last Sale Change Net / %
PFE $ 29.40 0.24  0.82%
NOK $ 3.86 0.17  4.61%
S $ 7.32 0.10  1.39%
BAC $ 13.27 0.06  0.45%
GE $ 24.33 0.56  2.36%
MU $ 13.76 0.52  3.93%
SIRI $ 3.40 0.06  1.80%
MNKD $ 6.605 0.94  12.40%