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Campbell Soup Co. Q1 adjusted earnings Beat Estimates

Campbell Soup Co. (CPB) released a profit for first quarter that decreased from the same period last year.

The company's bottom line came in at $194 million, or $0.64 per share. This compares with $275 million, or $0.91 per share, in last year's first quarter.

Excluding items, Campbell Soup Co. reported adjusted earnings of $240 million or $0.79 per share for the period.

Analysts had expected the company to earn $0.70 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 24.5% to $2.69 billion from $2.16 billion last year.

Campbell Soup Co. earnings at a glance:

-Earnings (Q1): $240 Mln. vs. $278 Mln. last year.
-EPS (Q1): $0.79 vs. $0.92 last year.
-Analysts Estimate: $0.70
-Revenue (Q1): $2.69 Bln vs. $2.16 Bln last year.

-Guidance:
Full year EPS guidance: $2.40 to $2.50
Full year revenue guidance: $7,925 to $8,050 Mln

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