Campbell Soup Co. (CPB) Tops Q3 EPS by 3c; Lowers FY14 Outlook

Campbell Soup Co. (NYSE: CPB) reported Q3 EPS of $0.62, $0.03 better than the analyst estimate of $0.59. Revenue for the quarter came in at $1.97 billion versus the consensus estimate of $2 billion.

The company has revised its full-year guidance for fiscal 2014. It now expects that sales from continuing operations will grow approximately 3 percent in the current fiscal year, compared with the previous range of 4 to 5 percent. Full-year growth in adjusted EBIT is expected to be at the low end of the previously forecast range of 4 to 6 percent. Adjusted EPS for the full year is expected to be at the low end of the previously announced guidance of 2 to 4 percent, or $2.53 to $2.58 per share.

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

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