Why Campbell Soup Company Stock Fell Tuesday
Shares of canned soup company Campbell Soup (NYSE: CPB) fell as much as 8.5% on Tuesday following the company's release of its first-quarter results. The stock is down 6.8% at the time of this writing.
Investors' clear disappointment in the company likely reflects Campbell's lower-than-expected revenue and non-GAAP earnings per share. The company reported non-GAAP EPS of $0.92 on sales of $2.16 billion. These results are down from non-GAAP EPS of $1.00 on sales of $2.20 billion in the year-ago quarter, representing 8% and 2% declines, respectively. On average, analysts were expecting non-GAAP EPS of $0.97 on sales of $2.17 billion.
Image source: Getty Images.
Source: Fool.com
Campbell Soup Co. Aktie
43,06 €
0,47 %
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