Campbell
Soup Company is down 6.16% at $58.70 a share on Friday morning after
reporting quarterly sales and profit that missed analysts' expectations.
The soup maker
saw the biggest sales drop in the fresh food business, which the
company
rolled out to keep up with demand for healthier foods.
Here are the
key numbers:
- Profit of $101 million, or 33 cents a share, down
from $265 million, or 85 cents, a year earlier
- Excluding impairment charges related to the
Campbell fresh and carrot businesses, earnings rose to 91 cents from 87
cents
- Revenue dropped 1.4% to $2.17 billion
Visit Markets
Insider for constantly updated market quotes for
individual stocks, ETFs, indices, commodities and currencies traded around the
world. Go Now!
0 Comments