-+ 0.00%
-+ 0.00%
-+ 0.00%
Campbell: Fiscal Q4 Earnings Snapshot
Share
Listen to the news

CAMDEN, N.J. (AP) — CAMDEN, N.J. (AP) — The Campbell's Company (CPB) on Thursday reported a loss of $69 million in its fiscal fourth quarter.

On a per-share basis, the Camden, New Jersey-based company said it had a loss of 23 cents. Earnings, adjusted for non-recurring costs and asset impairment costs, were 39 cents per share.

The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.

The maker of canned soup, Pepperidge Farm cookies and V8 juice posted revenue of $2.14 billion in the period, which also did not meet Street forecasts. Seven analysts surveyed by Zacks expected $2.15 billion.

Campbell expects full-year earnings in the range of $1.65 to $1.80 per share.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CPB at https://www.zacks.com/ap/CPB

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending