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Campbell Soup's adjusted profit beats on acquisitions, higher sales

A worker restocks Campbell's soup cans inside a Fresh & Easy store in Burbank, California October 19, 2012. Picture taken October 19, 2012.
A worker restocks Campbell's soup cans inside a Fresh & Easy store in Burbank, California October 19, 2012. Picture taken October 19, 2012.

(Reuters) - Campbell Soup Co reported a 9 percent rise in adjusted profit, helped by acquisitions and strengthening U.S. sales of condensed soups and broth.

The world's largest soup maker's adjusted earnings rose to $142 million, or 45 cents per share in the quarter ended July 28, from $130 million, or 41 cents per share, a year earlier.

Sales rose 13 percent to $1.72 billion.

Analysts on average had expected adjusted earnings of 42 cents per share on revenue of $1.84 billion, according to Thomson Reuters I/B/E/S.

(Reporting by Siddharth Cavale in Bangalore; Editing by Maju Samuel)

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