Dole Q3 Adj. EPS $0.24 Beats $0.12 Estimate, Sales $2.04B Miss $2.19B Estimate
Portfolio Pulse from Benzinga Newsdesk
Dole reported Q3 adjusted earnings of $0.24 per share, surpassing the $0.12 estimate, a 71.43% increase from last year. However, sales of $2.04B fell short of the $2.19B estimate, though they were up 4.18% from the previous year.
November 16, 2023 | 11:02 am
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Dole's Q3 earnings exceeded expectations at $0.24 per share, a significant increase from last year, but revenue fell short of estimates at $2.04 billion.
While Dole's earnings per share significantly exceeded analyst expectations, the miss on revenue estimates could temper investor enthusiasm, leading to a neutral short-term impact on the stock price. The mixed results show strong profitability but potential concerns over growth, which investors will weigh carefully.
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