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Cambell Soup Tanks on Q2 Miss

Campbell Soup missed analysts revenue estimates for the quarter.

Campbell Soup (CPB) - Get Campbell Soup Company Report wasnt the right temperature for investors amid a heavy volume selloff following the release of the company's disappointing second quarter financials. Campbell Soup reported sales that missed analyst expectations for the period, though it did top earnings estimates of 88 cents per share by three cents. The company said that its fresh foods business was struggling due to a premature harvest of smaller carrots in the spring. CEO Denise Morrison said "It's taking longer than we originally expected to regain carrot customers, following last year's quality and customer service issues." Campbell was down more than 6% Friday afternoon.

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