Investing.com - Campbell Soup reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Campbell Soup announced earnings per share of $0.7 on revenue of $2.13B. Analysts polled by Investing.com anticipated EPS of $0.6136 on revenue of $2.04B.
Campbell Soup shares are up 7% from the beginning of the year and are trading at $46.60 , down-from-52-week-high.They are outperforming the S&P 500 which is down 12.7% from the start of the year.
Campbell Soup follows other major Consumer Staples sector earnings this month
Campbell Soup's report follows an earnings missed by Walmart on Tuesday, May 17, 2022, who reported EPS of $1.3 on revenue of $141.57B, compared to forecasts EPS of $1.48 on revenue of $138.8B.
Costco had matched expectations on Thursday, May 26, 2022 with second quarter EPS of $3.04 on revenue of $52.6B, compared to forecast for EPS of $3.04 on revenue of $51.56B.
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