UBS Cuts Price Target on Campbell Soup (CPB) to $51; Reiterates Sell
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Campbell Reports Fourth-Quarter and Full-Year Results and Increases Quarterly Dividend
September 1, 2016 7:15 AM EDTFourth-Quarter As Reported Sales Comparable to Prior Year, Organic Sales Decreased 1 Percent Fourth-Quarter As Reported Earnings Per Share (EPS) Loss of $0.26, Fourth-Quarter Adjusted EPS of $0.46 Decreased 6 Percent Full-Year As Reported Sales and Organic Sales Decreased 1 Percent Full-Year As Reported EPS of $1.81 Decreased 15 Percent, Adjusted EPS of $2.94 Increased 11 Percent Full-Year Cash Flow From Operations Increased to $1.463 Billion from $1.182 Billion Campbell Provides Fiscal 2017 Guidance
CAMDEN, N.J.--(BUSINESS WIRE)-- Campbell Soup Company (NYSE: CPB) today reported its fourth-quarter and full-year results for fiscal 2016 and announced a 12 percent increase in its quarterly dividend.
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