What Campbell Soup Company's Earnings Mean for Mutual Fund Investors (CPB)
Shauna O'Brien Nov 25, 2014
Inside CPB’s Q1 Results
The company reported earnings of $368 million, or 74 cents per share, up from $305 million, or 57 cents per share, in the same quarter last year. Analysts expected to see earnings of 72 cents per share.
Revenue increased 4% to $2.26 billion from $2.17 billion a year ago. On average, analysts expected to see revenue of $2.22 billion.
Looking forward, the company expects to see FY2015 adjusted earnings between $2.42 and $2.50 per share and sales growth between 0% and 2%. Previously, the company expected to see earnings between $2.45 and $2.50 per share and sales growth between 1% and 2%.
Mutual Funds to Watch
|LCEAX||Invesco Diversified Dividend||1.74%|
|PRFDX||T. Rowe Price Equity Income||1.73%|
|JVMAX||American Century Equity Income||1.27%|
The Bottom Line
Dividend focused investors may want to consider the Invesco Diversified Dividend fund for a portfolio of dividend stocks like Campbell’s.
Investors interested in CPB may also want to consider other packaged foods companies including Mondelez International (MDLZ), Unilever (UL) and Kraft Foods (KRFT).
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