Campbell Profit Drops 22%, Still Beats Street

Soup and summer don't go well together. Considering this, the state of the economy and some one-time charges, Campbell Soups'(CPB Quote) fourth-quarter earnings were actually better-than-expected.

During the quarter, the company earned $69 million, or 20 cents a share, compared with $89 million, or 24 cents, in the year-ago period.

But excluding one-time items like commodity hedging and a charge related to European trademarks, the company actually earned $107 million, or 30 cents a share. This was better than the 26 cents analysts expected.

Read Full Article from TheStreet.com

- Posted: 2009-09-11 10:43:17

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