Campbell Soup Company shares are trading lower after the company reported slightly worse-than-expected Q3 revenue results and reaffirmed FY23 guidance with adjusted EPS below estimates.
Portfolio Pulse from Benzinga Newsdesk
Campbell Soup Company reported lower-than-expected Q3 revenue results and reaffirmed FY23 guidance with adjusted EPS below estimates, causing its shares to trade lower.
June 07, 2023 | 5:07 pm
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Campbell Soup Company's shares are trading lower due to worse-than-expected Q3 revenue results and FY23 guidance with adjusted EPS below estimates.
Campbell Soup Company's shares are trading lower as the company reported lower-than-expected Q3 revenue results and reaffirmed FY23 guidance with adjusted EPS below estimates. This indicates that the company's financial performance is not meeting market expectations, which negatively impacts investor sentiment and stock price.
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IMPORTANCE 80
RELEVANCE 100