RTTNews | Dec 9, 2020 07:45AM EST

07:45 Wednesday, December 9, 2020 (RTTNews.com) - Campbell Soup Co. (CPB) reported a profit for its first quarter that advanced from last year.

The company's profit totaled $309 million, or $1.02 per share. This compares with $166 million, or $0.55 per share, in last year's first quarter.

Excluding items, Campbell Soup Co. reported adjusted earnings of $311 million or $1.02 per share for the period.

Analysts had expected the company to earn $0.91 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.3% to $2.34 billion from $2.18 billion last year.

Campbell Soup Co. earnings at a glance:

-Earnings (Q1): $311 Mln. vs. $237 Mln. last year.-EPS (Q1): $1.02 vs. $0.78 last year.-Analysts Estimate: $0.91-Revenue (Q1): $2.34 Bln vs. $2.18 Bln last year.

-Guidance:Next quarter EPS guidance: $0.81 to $0.83

Read the original article on RTTNews ( https://www.rttnews.com/3152205/campbell-soup-co-q1-adjusted-earnings-beat-estimates.aspx)

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