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Campbell Soup Co. fiscal Q2 profit falls YOY

Campbell Soup Co. said its normalized net income for the fiscal second quarter ended Feb. 1 was 57 cents per share, compared with the S&P Capital IQ consensus estimate of 65 cents per share.

EPS fell 18.9% year over year from 70 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $179.4 million, a decline of 19.4% from $222.6 million in the second quarter ended Jan. 26, 2014.

The normalized profit margin declined to 8.7% from 9.8% in the year-earlier period.

Total revenue fell year over year to $2.23 billion from $2.28 billion, and total operating expenses climbed year over year to $1.96 billion from $1.93 billion.

Reported net income fell 11.4% from the prior-year period to $207.2 million, or 66 cents per share, from $233.8 million, or 74 cents per share.