Newz(AP) — The Campbell’s Company (CPB) on Thursday reported a loss of $69 million in its fiscal fourth quarter. On a per-share basis, the Camden, New Jersey-based company said it had a loss of 23 cents. Earnings, adjusted for non-recurring costs and asset impairment costs, came to 39 cents per share.
The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share. The maker of canned soup, Pepperidge Farm cookies and V8 juice posted revenue of $2.14 billion in the period, also missing Street forecasts.
Seven analysts surveyed by Zacks expected $2.15 billion. For the year, the company reported profit of $394 million, or $1.31 per share. Revenue was reported as $9.74 billion.
Campbell expects full-year earnings in the range of $1.65 to $1.80 per share. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CPB at https://www.zacks.com/ap/CPB Source
(CIEN) on Thursday reported fiscal third-quarter net income of $266.4 million. On a per-share basis, the Hanover, Maryland-based company said it had profit of $1.83. Earnings, adjusted for one-time gains and costs, were $2.11 per share.
The results beat Wall Street expectations. The developer of high-speed networking technology posted revenue of $1.67 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $1.65 billion.
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