Dole Q2 Adj. EPS $0.51 Beats $0.34 Estimate, Sales $2.14B Miss $2.27B Estimate
Portfolio Pulse from Benzinga Newsdesk
Dole (NYSE:DOLE) reported Q2 adjusted earnings of $0.51 per share, beating the analyst consensus estimate of $0.34 by 50%. However, the company's quarterly sales of $2.14 billion missed the analyst consensus estimate of $2.27 billion by 5.68%.
August 17, 2023 | 10:03 am
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Dole's Q2 earnings exceeded expectations, but sales fell short of estimates. This mixed result could lead to uncertainty in the market.
Dole's earnings beat estimates, which is a positive signal for investors. However, the missed sales target could indicate potential issues in revenue generation, which might negatively impact investor sentiment. The mixed results could lead to uncertainty in the stock's short-term performance.
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