Campbell Soup Shares Plunge 9% Following Q3 Earnings
<p><a href='https://financialmodelingprep.com/financial-summary/CPB'>Campbell Soup (NYSE:CPB)</a> reported its Q3 earnings results, with EPS of $0.68 coming in better than the Street estimate of $0.65. Revenue was $2.23 billion, compared to the Street estimate of $2.24 billion. </p>
<p>The company reaffirmed its full 2023-year guidance, expecting EPS in the range of $2.95-$3.00, compared to the Street estimate of $3.02.</p>
<p>Shares fell nearly 9% yesterday. The stock was met with a cold reception from investors, as most packaged food names have been beating and raising guidance over the last few weeks.</p>

NYSE:CPB