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Campbell Soup’s Adjusted Q4 Net Beats View (CPB)

Packaged foods maker Campbell Soup Company ( CPB ) on Friday posted better-than-expected earnings results, helped by lower promotional spending.

The Camden, NJ-based company reported fiscal fourth quarter net income of $100 million, or 31 cents per share, compared with $113 million, or 33 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 43 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 lower revenue of $1.58 billion.

Campbell Soup shares rose 64 cents, or +2%, in premarket trading Friday.

The Bottom Line

Shares of Campbell Soup ( CPB ) have a 3.64% dividend yield, based on last night's closing stock price of $31.86. The stock has technical support in the $29-$30 price area. If the shares can firm up, we see overhead resistance around the $33-$34 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 Nasdaq, Inc.

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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.

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