Campbell Soup Q1 Adj $0.91 Beats $0.88 Estimate, Sales $2.52B Inline
Portfolio Pulse from Benzinga Newsdesk
Campbell Soup reported Q1 adjusted earnings of $0.91 per share, surpassing the estimated $0.88. Sales were $2.52 billion, which was in line with expectations.
December 06, 2023 | 12:15 pm
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POSITIVE IMPACT
Campbell Soup's Q1 adjusted earnings exceeded expectations by $0.03, while sales met estimates, indicating a positive performance.
Beating earnings estimates typically has a positive impact on investor sentiment and can lead to a short-term increase in stock price. Sales meeting expectations confirms the company's steady performance, further supporting a positive outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100