Investors were dumping Campbell Soup shares Friday morning on the back of disappointing quarterly sales.
The canned soup company reported third quarter earnings of 65 cents a share ex-items on revenues of $1.87 billion, edging past expectations for 64 cents per share on $1.91 billion in revenue, according to a consensus estimate from Thomson Reuters.
However, Campbell said that U.S. soup sales cooled off 5 percent in the quarter, attributable to weakness in ready-to-serve products and condensed soups. Still, the company said that it saw gains in broth products.
The stock closed down more than 6 percent on Friday.