Campbell Soup Co. CPB stock is up 3% in premarket trades on Wednesday after it beat Wall Street’s adjusted earnings estimate on a boost from higher prices for its food products. Campbell said its second-quarter profit rose to $232 million, or 77 cents a share, from $212 million, or 70 cents a share, in the year-ago quarter. Adjusted earnings in the latest quarter were 80 cents a share, ahead of the analyst estimate of 74 cents a share. Campbell Soup’s second-quarter sales increased to $2.
Campbell said its second-quarter profit rose to $232 million, or 77 cents a share, from $212 million, or 70 cents a share, in the year-ago quarter. Adjusted earnings in the latest quarter were 80 cents a share, ahead of the analyst estimate of 74 cents a share. Campbell Soup’s second-quarter sales increased to $2.45 billion from $2.21 and narrowly beat the analyst forecast of $2.44 billion.