Fresh Del Monte Produce Q2 2024 Adj. EPS $1.06 Beats $0.60 Estimate, Sales $1.140B Miss $1.181B Estimate
Portfolio Pulse from Benzinga Newsdesk
Fresh Del Monte Produce (NYSE:FDP) reported Q2 2024 adjusted EPS of $1.06, beating the $0.60 estimate by 76.67%. However, sales of $1.140 billion missed the $1.181 billion estimate by 3.51%.
August 01, 2024 | 8:53 pm
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Fresh Del Monte Produce reported Q2 2024 adjusted EPS of $1.06, significantly beating the analyst estimate of $0.60. However, sales of $1.140 billion missed the $1.181 billion estimate. The EPS beat is a positive indicator, but the sales miss may cause mixed reactions in the market.
The significant EPS beat is a strong positive signal, indicating better-than-expected profitability. However, the sales miss could temper investor enthusiasm. Overall, the positive EPS surprise is likely to have a more substantial impact, leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100