Campbell Soup Profit Plunges 67%

Campbell Soup(CPB Quote) released its third-quarter earnings on Thursday, a day before planned, and the results showed that its profit slumped from the same period a year earlier.

Analysts had been speculating that the report would be especially rough, and they weren't wrong. The company's profit plunged 67% to $174 million, or 49 cents a share, down from $532 million, or $1.40 a share, a year ago.

However, excluding the sale of the Godiva brand, earnings were actually $171 million, or 48 cents a share, beating analysts' expectations of 42 cents. ...