CAMDEN, N.J. — The Campbell Soup Co on Thursday said its earnings rose 39 percent for the fourth quarter versus results a year ago that reflected costs related to sales of some European operations.
But its profit from continuing operations fell 37 percent in the latest quarter.
Its shares fell $1.06, or 2.8 percent, to $36.94 in morning trading Thursday.
Campbell earned $61 million, or 16 cents a share, in the three months ended July 29 versus a profit of $44 million, or 11 cents per share, a year ago.
But when operations it no longer owns are excluded from the comparison, Campbell earned $53 million, or 14 cents per share, down from $84 million, or 20 cents per share, a year ago.
Its revenue rose to $1.59 billion from $1.45 billion in the same period in 2006
Read the full Associated Press story here.
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