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Campbell Soup Q3 earnings $84 million

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Christian Fernsby |
Campbell Soup
Campbell Soup   EPS: $0.28 in Q3 vs. -$1.31 in the same period last year

While reporting financial results for the third quarter Campbell Soup raised its adjusted earnings guidance to reflect improved earnings outlook for the full-year 2019, but lowered net sales guidance to reflect the impact of the Campbell Fresh divestitures.


For fiscal 2019, the company now projects adjusted earnings in the range of $2.50 to $2.55 per share on net sales between $9.075 billion and $9.125 billion.

Previously, the company expected adjusted earnings in the range of $2.45 to $2.53 per share on net sales between $9.975 billion and $10.100 billion.

Below are the earnings highlights for Campbell Soup Co. (CPB):

- Earnings: $84 million in Q3 vs. -$393 million in the same period last year.

- EPS: $0.28 in Q3 vs. -$1.31 in the same period last year.

- Excluding items, Campbell Soup Co. reported adjusted earnings of $169 million or $0.56 per share for the period.

- Analysts projected $0.47 per share

- Revenue: $2.18 billion in Q3 vs. $1.88 billion in the same period last year.


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