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Company News for May 20, 2014

Zacks Equity Research

•    Campbell Soup Company’s (NYSE:CPB) shares declined 2.4% after forecasting fiscal 2014 sales growth from continuing operations of 3%, lower than the previous forecast of 4% to 5%

•    Shares of The Valspar Corporation (NYSE:VAL) rose 1.4% after reporting fiscal second quarter earnings per share of $1.07, beating the Zacks Consensus Estimate of $1.04

•    Abbott Laboratories’s (NYSE:ABT) shares increased 1.5% after the company announced it will buy Chile based CFR Pharmaceuticals for about $2.9 billion

•    Shares of Johnson Controls Inc (NYSE:JCI) jumped 4.3% after it said it will hive off its automotive-interiors business to form a joint venture with Yanfeng Automotive Trim Systems Co


 


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