Campbell Soup (CPB) Tops Q2 EPS by 19c, Beats on Revenues

Note: EPS may not be comparable

Campbell Soup (NYSE: CPB) reported Q2 EPS of $1.00, $0.19 better than the analyst estimate of $0.81. Revenue for the quarter came in at $2.18 billion versus the consensus estimate of $2.16 billion.

• Net Sales Comparable to Prior Year, Organic Sales Decreased 2 Percent
• Earnings Before Interest and Taxes (EBIT) Increased 19 Percent; Adjusted EBIT Decreased 4 Percent
• Earnings Per Share (EPS) of $0.95; Adjusted EPS Increased 10 Percent to $1.00
• Campbell Increases Cost Savings Program Target from $450 Million to $500 Million by Fiscal 2020
• Campbell Revises Fiscal 2018 Guidance

For earnings history and earnings-related data on Campbell Soup (CPB) click here.

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• Ridgepost Capital acquires Stellus Capital Management for $4B AUM
• Worried the AI trade has gone too far? Evercore likes these 4 stocks