Campbell Soup Q2 Profit Tops Estimates; Organic Sales Down 2%; Affirms Guidance

Campbell Soup Company (CPB) reported that, excluding items, its second-quarter adjusted EPS increased 5 percent to $0.91 per share, compared with $0.87 per share in the year-ago quarter, reflecting lower adjusted tax rate. On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.88 for the quarter. Analysts' estimates typically exclude special items.

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