Earning Results, Campbell (NYSE:CPB) Posts Mixed Results, Beats Estimates- CPB, TM, HMC, F, CVR
High-quality foods and simple meals manufacturer Campbell Soup Company (NYSE:CPB) announced on Monday its Q3 2012 adjusted earnings a share of 56 cents, surpassing the Zacks Consensus anticipates of 52 cents. However, the quarter’s results witnessed a dropped of 2 percent from the previous-year quarter.
During the quarter, net sales waited approximately flat at $1,821 million evaluated with the past-year quarter, beating the Zacks Consensus Estimate of $1,812 million. Benefit from 3 percent spike in price and sales payments were fully offset by negative impact from volume and mix of 1 percent down with 2 percent surges in promotional spending.
Financial Review; NYSE:CPB stock’s trade at beginning with a price of $33.12 and on going the trading session climbed at a high of $33.33 other than the stock finally drops -1.95% to $32.75.
Shares price of CPB moved down from its 20 days moving average with -3.35% and remote negatively from 50 days moving average with -1.91%. CPB current year earnings per share experienced an addition with -0.02% while its current quarter performance remained 2.39%.
CPB had a trade volume of 5.42 million shares was higher as evaluated with average trading capacity of 1.83 million shares.
CPB last month stock price volatility remained 1.14%. In its share capital CPB has 316.47 million outstanding shares among them 176.67 million shares have been floated in market exchange. CPB stock institutional ownership remained 44.85% while insider ownership included 0.20%.
Regarding stock under investors eyes, Toyota Motor Corporation (NYSE:TM) surged 0.84%, Honda Motor Co Ltd (NYSE:HMC) moved up 1.27%, Ford Motor Company (NYSE:F) grew 1.90%, Chicago Rivet & Machine Co. (NYSEAMEX:CVR) surged +0.36%