Campbell Soup shares are trading higher after the company reported better-than-expected Q1 adjusted EPS results and reaffirmed FY24 guidance.
Portfolio Pulse from Benzinga Newsdesk
Campbell Soup (CPB) stock is up following the release of their Q1 adjusted EPS figures, which exceeded expectations. The company also confirmed that their guidance for FY24 remains unchanged.
December 06, 2023 | 4:07 pm
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POSITIVE IMPACT
Campbell Soup reported Q1 adjusted EPS above analyst estimates and maintained its FY24 guidance, positively impacting investor sentiment.
The positive earnings surprise typically leads to an increase in stock price as it indicates the company is performing better than the market expected. Reaffirming FY24 guidance suggests stability and continued confidence in the company's future performance, which can further bolster investor sentiment.
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