Campbell Soup cuts sales outlook, shares fall

Published May 19, 2014 2:05pm ET



CAMDEN, N.J. (AP) — Shares of Campbell Soup fell Monday after the company reported quarterly sales that fell short of Wall Street expectations and cut its forecast for the year.

The company, which also makes Prego sauces and Pepperidge Farm cookies, said net income rose 2 percent for its fiscal third quarter as expenses declined and revenue edged up slightly. But Campbell also said it expects adjusted earnings to be on the low end of its previous projections for its fiscal 2014.

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