Before today's market open, the Camden, NJ-based canned soup maker reported adjusted earnings of 87 cents per share, surpassing analysts' estimates for earnings of 80 cents per share.
Revenue fell by 1% to $2.2 billion year-over-year and was in line with Wall Street's expectations.
Sales decreased due to lower volume and the adverse impact of currency translation, the company noted.
"Organic sales for the quarter were comparable to prior year, a bit below our expectation," CEO Denise Morrison said in a statement this morning.
"While our global biscuits and snacks division stands out for delivering both organic sales growth and strong profit growth in the quarter, we're making investments in all the divisions toward our objective of accelerating sales growth over time," Morrison added.
For the full year, Campbell forecasts earnings per share between $2.88 and $2.96. Analysts are looking for earnings per share of $2.89.
Campbell manufactures and markets food products.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on the stock.
This is driven by several positive factors, which should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks covered.
The company's strengths can be seen in multiple areas, such as its good cash flow from operations, solid stock price performance, expanding profit margins and notable return on equity.
The team believes its strengths outweigh the fact that the company has had generally high debt management risk by most measures that were evaluated.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: CPB