Campbell Soup Q3 EPS $0.68 Beats $0.65 Estimate, Sales $2.23B Miss $2.23B Estimate
Portfolio Pulse from Benzinga Newsdesk
Campbell Soup reported Q3 earnings of $0.68 per share, beating estimates of $0.65, but sales of $2.23B missed estimates by 0.04%. This represents a 2.86% decrease in earnings and a 4.65% increase in sales compared to last year.
June 07, 2023 | 11:17 am
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Campbell Soup's Q3 earnings beat estimates, but sales slightly missed. Earnings decreased by 2.86% and sales increased by 4.65% YoY.
Campbell Soup's Q3 earnings beat estimates, which is a positive sign for investors. However, the slight miss in sales and the decrease in earnings compared to last year may offset the positive sentiment. Therefore, the short-term impact on the stock price is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100