Campbell Soup Trades Higher On Q3 Earnings Beat

Campbell Soup Company CPB reported quarterly earnings of 56 cents per share, which beat the analyst consensus estimate of 47 cents. This is a 20-percent decrease over earnings of 7 cents per share from the same period last year.

Campbell Soup reported quarterly sales of $2.178 billion, which missed the analyst consensus estimate of $2.36 billion. This is a 2.49-percent increase over sales of $2.125 billion the same period last year.

Campbell Soup shares were trading up 4.4 percent at $39.80 Wednesday morning.