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Campbell Soup Co. (CPB) reported earnings for its fourth quarter that climbed from last year.


RTTNews | Sep 1, 2021 07:30AM EDT

07:29 Wednesday, September 1, 2021 (RTTNews.com) - Campbell Soup Co. (CPB) reported earnings for its fourth quarter that climbed from last year.

The company's bottom line came in at $288 million, or $0.95 per share. This compares with $86 million, or $0.28 per share, in last year's fourth quarter.

Excluding items, Campbell Soup Co. reported adjusted earnings of $167 million or $0.55 per share for the period.

Analysts had expected the company to earn $0.48 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 11.4% to $1.87 billion from $2.11 billion last year.

Campbell Soup Co. earnings at a glance:

-Earnings (Q4): $167 Mln. vs. $192 Mln. last year.-EPS (Q4): $0.55 vs. $0.63 last year.-Analysts Estimate: $0.48-Revenue (Q4): $1.87 Bln vs. $2.11 Bln last year.

Read the original article on RTTNews ( https://www.rttnews.com/3222519/campbell-soup-co-q4-adjusted-earnings-beat-estimates.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved






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