Campbell Soup Earnings, Revenue beat In Q3

  • Investing.com
Campbell Soup Earnings, Revenue beat In Q3

Investing.com - Campbell Soup reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Campbell Soup announced earnings per share of $0.83 on revenue of $2.24B. Analysts polled by Investing.com anticipated EPS of $0.72 on revenue of $2.18B. That with comparison to EPS of $0.56 on revenue of $2.18B in the same period a year before.Campbell Soup had reported EPS of $0.72 on revenue of $2.16B in the previous quarter.Analysts are expecting EPS of $0.58 and revenue of $1.95B in the upcoming quarter.

Campbell Soup shares are up 2% from the beginning of the year and are trading at $50.68 , down-from-52-week-high.They are outperforming the S&P 500 which is down 4.21% year to date.

Campbell Soup shares lost 2.52% in intra-day trade the report.

Campbell Soup follows other major Consumer/Non-Cyclical sector earnings this month

Campbell Soup's report follows an earnings missed by Anheuser Busch ADR on Thursday, May 7, 2020, who reported EPS of $-0.42 on revenue of $11B, compared to forecasts EPS of $-0.14 on revenue of $10.95B.

Ambev SA had missed expectations on Thursday, May 7, 2020 with second quarter EPS of $0.01 on revenue of $2.15B, compared to forecast for EPS of $0.03 on revenue of $2.37B.

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