Campbell Soup quarterly profit exceeds expectations

Take-Two sees profit in third quarter

In brief: The company reports a profit, with the exception of certain items, of 28 cents per share, comparing to a loss of 8 cents per share as predicted by analysts earlier. The forecasted profit for 2011 is 60 to 70 cents per share.

U.S. soup producer Campbell Soup has reported the net profit for the fourth quarter ending August 1 at the amount of $ 113 mln., or 33 cents per share, comparing to $ 69 mln., or 20 cents per share in the previous year, with the forecasted profit of 30 cents per share.

The sales in the period under consideration fell to $ 1.52 bln., with an average forecast of $ 1.59 bln. The company secured growth of earnings due to the lowering of productions costs and higher sales of beverages under brand V8. At the same time, soup sales in this period decreased by 5% in the U.S. market. US publisher, developer, and distributor of entertainment software Take-Two has published data on profits in the third quarter and an exceeded profit forecast.

Igor Tringlers
2010-09-03 15:27, Economics.

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