Fresh Del Monte Produce Q3 Adj EPS $0.35 Misses $0.42 Estimate, Sales $1.00B Miss $1.07B Estimate
Portfolio Pulse from Benzinga Newsdesk
Fresh Del Monte Produce (NYSE:FDP) reported Q3 adjusted earnings of $0.35 per share, missing the analyst consensus estimate of $0.42 by 16.67%. This is a 35.19% decrease from the same period last year. The company also reported quarterly sales of $1.00 billion, missing the analyst consensus estimate of $1.07 billion by 6.26%, a 4.84% decrease from the same period last year.
November 01, 2023 | 10:15 am
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Fresh Del Monte Produce's Q3 earnings and sales missed estimates, indicating a potential negative impact on its stock price.
Fresh Del Monte Produce reported lower than expected earnings and sales for Q3. This underperformance is likely to negatively impact investor sentiment and could lead to a decrease in the company's stock price in the short term.
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