Campbell's rises after it maintains annual outlook, beats quarterly profit
BUZZ-Campbell's rises after it maintains annual outlook, beats quarterly profit ** Shares of packaged food maker Campbell's CPB.O up 3% at $22.36 premarket
** Co beats Q3 profit estimates, sticks to its annual forecast
** Posts Q3 adjusted EPS of 50 cents, beating estimate of 48 cents - data compiled by LSEG
** Q3 net sales decline 4% to $2.37 billion, compared with analysts' estimate of $2.38
** CPB expects annual organic net sales to fall between 1% and 2%, and adjusted profit per share to be in the range of $2.15 to $2.25
** As of last close, stock down 22% YTD
(Reporting by Koyena Das from Bengaluru)
Recent news on Campbell's
See all newsThe Campbell's Company Enters Extension Agreement To $1.85 Billion Five-Year Credit Agreement - SEC Filing
U.S. STOCKS ON THE MOVE-Principal Financial Group, NetApp
U.S. STOCKS ON THE MOVE-Genesco, Fervo Energy, Tyson Foods
Campbell falls after forecasting annual sales, profit below estimates
U.S. STOCKS ON THE MOVE-Gold miners, Polestar Automotive, Nvidia