Fresh Del Monte Produce Q4 Adjusted EPS $0.25 Misses $0.30 Estimate, Sales $1.01B Miss $1.03B Estimate
Portfolio Pulse from Benzinga Newsdesk
Fresh Del Monte Produce (NYSE:FDP) reported Q4 adjusted EPS of $0.25, missing the $0.30 estimate, and sales of $1.01B, missing the $1.03B estimate. This represents a 44.44% decrease in earnings and a 3.02% decrease in sales from the same period last year.
February 26, 2024 | 11:06 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Fresh Del Monte Produce reported lower than expected Q4 earnings and sales, with a significant decrease compared to last year.
Missing both earnings and sales estimates, especially with a significant year-over-year decrease, typically leads to negative investor sentiment and could result in a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100