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NEW YORK (TheStreet) -- Campbell Soup (CPB) shares are down 0.95% to $46.77 in trading on Wednesday after the soup maker reported its second quarter earnings results before the opening bell today.

The company reported second quarter net income of $207 million, or a profit of 66 cents per diluted share on an adjusted basis, on revenue of $2.23 billion.

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Analysts on average were expecting the company to report earnings of 65 cents per diluted share on revenue of $2.22 billion. 

Shares are falling despite the earnings beat as the company's bottom line declined 13.2% from the 76 cents per share the company reported during the same period last year. Revenue for the period also fell 2.1% from the previous year.

TheStreet Ratings team rates CAMPBELL SOUP CO as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

"We rate CAMPBELL SOUP CO (CPB) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

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