Campbell's (CPB) Lags Q4 Earnings and Revenue Estimates

Campbell's reported quarterly earnings of $0.39 per share, missing the consensus estimate of $0.40 and falling short of year-ago earnings of $0.62. Revenue also missed expectations at $2.14 billion. The company received a Zacks Rank #4 (Sell) rating due to unfavorable estimate revisions, and shares have declined 14.7% year-to-date versus the S&P 500's 12% gain. The Food - Miscellaneous industry ranks in the bottom 20% of Zacks industries.