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Campbell Soup (CPB) Q2 Earnings Beat, Revenues Miss

Campbell Soup CompanyCPB , the manufacturer of branded convenience food products, reported second-quarter fiscal 2017 adjusted earnings of 91 cents a share that came ahead of the Zacks Consensus Estimate of 88 cents and increased 5% year over year.

Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2017 and 2018 has witnessed a downtrend in the last 7 days.

Revenues: Campbell Soup generated total sales of $2,171 million, down 1% year over year, and also came below the Zacks Consensus Estimate of $2,217.5 million. Organic sales fell 2% due to lower volume and increased promotional spending.

Guidance: Campbell Soup maintained its outlook for fiscal 2017. It expects sales to be flat to up 1%. Adjusted EBIT is expected to increase 1-4% and adjusted earnings per share are anticipated in the range of $3.00-$3.09 per share, reflecting an increase of 2-5% year over year.

Campbell Soup Company Price, Consensus and EPS Surprise

Campbell Soup Company Price, Consensus and EPS Surprise | Campbell Soup Company Quote

Zacks Rank: Currently, Campbell Soup carries a Zacks Rank #2 (Buy), which is subject to change following the earnings announcement. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

Stock Movement: Campbell Soup's shares are down about 0.8% during pre-market trading hours.

Check back later for our full write up on Campbell Soup's earnings report!

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


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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