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DAILY EARNINGS

Campbell Soup Net Rises, Valspar Net Drops


Author: Mukesh Buch
ticker.com
Last Update: 12:25 PM ET May 19 2014

10:45 AM New York Campbell Soup third-quarter net rose 2% to $184 million and revenue nearly flat at $1.97 billion. Valspar second-quarter net declined 11.7% to $86 million and net sales climbed 10% to $1.1 billion.

Earnings Review

Campbell Soup Company (CPB) dropped 2.9% or $1.31 to $43.80 after the packaged food products maker said revenues in the third-quarter ending on April 27 nearly flat at $1.97 billion from $1.96 billion a year ago.

Net income in the quarter rose 1.7% to $184 million or 58 cents a diluted share compared to $181 million or 57 cents.

The Valspar Corporation (VAL) jumped 2.6% or $1.97 to $75.30 after the paint and coatings products maker reported net sales in the second-quarter ending on April 25 climbed 10% to $1.1 billion.

Net income in the quarter declined 11.7% to $85.9 million or 99 cents a diluted share compared to $76.9 million or 84 cents.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc