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

By Staff,

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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 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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This article appears in: Investing Stocks
Referenced Stocks: CPB

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