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Stock Market & Financial Investment News

News Breaks
May 19, 2014
11:27 EDTCPB, CAG, KRFT, ULCampbell Soup falls after revenues miss, guidance cut
Shares of soup and convenience food maker Campbell Soup (CPB) are falling after the company reported mixed third quarter results and lowered its fiscal 2014 outlook. WHAT'S NEW: This morning, Campbell Soup reported Q3 adjusted earnings per share of 62c and revenue of $1.97B, compared to expectations of 59c and $2.0B, respectively. The company forecast FY14 adjusted EPS at the low end of its previously issued $2.53-$2.58 range, compared to consensus of $2.53. Campbell now expects sales from continuing operations will grow approximately 3% in the current fiscal year, compared with the previous range of 4%-5%. FY14 consensus is $8.35B. Full-year growth in adjusted EBIT is expected to be at the low end of the previously forecast range of 4%-6%. The company cited a challenging consumer environment and harsh winter weather for the weak forecast. It said consumers are suffering from continued underemployment, rising fuel, home and healthcare costs, and that these factors are "significantly" affecting purchasing behavior. PRICE ACTION: In late morning trading, Campbell Soup fell $1.13, or 2.5%, to $43.99 on heavy trading volume. Including today's pull back, the stock is down nearly 8% over the past twelve months. OTHERS TO WATCH: Other companies in the packaged foods space include ConAgra Foods (CAG), Kraft Foods (KRFT) and Unilever (UL) .
News For CPB;CAG;KRFT;UL From The Last 14 Days
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October 30, 2014
10:02 EDTKRFTOn The Fly: Analyst Downgrade Summary
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06:02 EDTKRFTKraft Foods downgraded to Neutral from Outperform at Credit Suisse
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October 29, 2014
18:59 EDTKRFTOn The Fly: After Hours Movers
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17:22 EDTKRFTKraft Foods slips lower after hours following results
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16:09 EDTKRFTKraft Foods reports Q3 EPS ex-items 78c, consensus 74c
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15:53 EDTKRFTNotable companies reporting after market close
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October 28, 2014
07:22 EDTKRFTIRI Worldwide to hold a conference
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October 23, 2014
05:34 EDTULUnilever down 1.5% after reporting Q3 results
05:34 EDTULUnilever reports Q3 underlying sales growth of 2.1%
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October 21, 2014
07:30 EDTCPBCampbell Soup's Ellan Oran Kaden to retire on May 1, 2015
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