Around the Net
Campbell Soup Shares Plummet After Disappointing Earnings
- Bloomberg, Tuesday, September 5, 2017 8 AM
Campbell Soup shares plummeted after the company posted disappointing earnings and delivered a weaker-than-expected forecast. Warren Buffett also threw cold water on the idea that Kraft Heinz Co. would buy a company like Mondelez International Inc. Investors interpreted the remarks as a bearish signal for industry consolidation in general, meaning it’s less likely that a takeover of Campbell will provide a payday for them.
