CAMDEN, N.J. (AP) — CAMDEN, N.J. (AP) — The Campbell’s Company (CPB) on Wednesday reported fiscal second-quarter profit of $145 million.
On a per-share basis, the Camden, New Jersey-based company said it had profit of 48 cents. Earnings, adjusted for non-recurring costs, were 51 cents per share.
The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share.
The maker of canned soup, Pepperidge Farm cookies and V8 juice posted revenue of $2.56 billion in the period, which also fell short of Street forecasts. Six analysts surveyed by Zacks expected $2.61 billion.
Campbell expects full-year earnings in the range of $2.15 to $2.25 per share.
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