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Campbell Gets Fuel in Fight With Activist After Sales Beat Estimate

BNN Bloomberg

(Bloomberg) -- Campbell Soup Co. reported “improved trends” for its soup business and posted sales and profit that outpaced estimates, giving the company firmer footing in its battle with activist investor Dan Loeb. Net sales of $2.69 billion exceeded analysts’ estimate, while adjusted profit of 79 cents was well above the expected mark. Key Insights The results won’t help Loeb, who’s trying to replace the company’s board...

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