Fresh Del Monte Produce Adj Q2 EPS $0.99 Beats $0.59 Estimate, Sales $1.18B Miss $1.22B Estimate
Portfolio Pulse from Benzinga Newsdesk
Fresh Del Monte Produce (NYSE:FDP) reported Q2 adjusted earnings of $0.99 per share, beating the analyst consensus estimate of $0.59 by 67.8%. However, the company's quarterly sales of $1.18 billion missed the analyst consensus estimate of $1.22 billion by 3.28%.
August 04, 2023 | 10:48 am
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Fresh Del Monte's Q2 earnings surpassed estimates, but sales fell short. This mixed result could lead to uncertain short-term price movement.
Fresh Del Monte's earnings beat could be a positive signal to investors, potentially driving the stock price up. However, the missed sales estimate could counteract this, leading to uncertainty in the short-term price direction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100