Fresh Del Monte Produce Q3 2024 Adj. EPS $0.77 Beats $0.47 Estimate, Sales $1.020B Beat $1.010B Estimate
Portfolio Pulse from Benzinga Newsdesk
Fresh Del Monte Produce reported Q3 2024 earnings per share of $0.77, significantly surpassing the analyst estimate of $0.47. The company's sales also exceeded expectations, reaching $1.020 billion compared to the $1.010 billion estimate.
October 31, 2024 | 10:05 am
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POSITIVE IMPACT
Fresh Del Monte Produce's Q3 2024 earnings per share of $0.77 beat expectations by 63.83%, and sales of $1.020 billion also surpassed estimates. This strong performance is likely to positively impact the stock price in the short term.
The significant beat on both EPS and sales indicates strong operational performance, which is likely to boost investor confidence and drive the stock price up in the short term. The EPS beat by a large margin suggests better-than-expected profitability, while the sales beat, though smaller, confirms revenue growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100