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Campbell Soup Co. (CPB) Has Tumbled To A New Low After Guidance Cut

Campbell Soup Co. (CPB) reported third quarter adjusted EPS of $0.70 Friday morning, which topped the consensus estimate of $0.61.

The company now expects full year adjusted EPS to decline between 3% and 1%, compared to prior guidance of an increase of 2% to 4%.

Campbell Soup gapped open sharply lower Friday morning and is now down 4.53 at $34.69. The stock has dropped to a new low for the year.

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