Campbell Soup Co
For the first quarter ended October 30, net earnings attributable to Campbell Soup were $265 million, down from $279 million a year earlier. Per share earnings were unchanged at 82 cents due to a decline in outstanding shares.
Sales fell 1 percent to $2.16 billion.
Analysts on average were expecting a profit of 79 cents a share on sales of $2.21 billion, according to Thomson Reuters I/B/E/S.
Marketing and selling expenses fell 6 percent to $261 million.
Campbell expects fiscal 2012 adjusted earnings per share to fall 5 to 7 percent, with sales flat to up 2 percent.
(Reporting by Mihir Dalal in New York; Editing by Derek Caney and John Wallace)