Feb
27
Campbell shares rise after earnings beat estimates under new CEO
Posted in: Uncategorized
Campbell Soup Co.’s better-than-anticipated earnings marked a positive start for new CEO Mark Clouse, who took the helm at the very end of last quarter to attempt a turnaround of the company. The shares rose on Wednesday.
Profit excluding some items amounted to 77 cents in the second quarter ended Jan. 27, the company said Wednesday, while analysts predicted 71 cents, on average. Net sales of $2.71 billion also topped estimates.
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