Streetbeat News

AVO

Mission Produce, Inc.

Industry

Food Distribution

Mission Produce, Inc. engages in sourcing, producing, packaging, and distributing avocados in the United States and internationally. The company operates through two segments, Marketing and Distribution, and International Farming. It also provides value-added services, including ripening, bagging, custom packing, and logistical management. The company serves retail, wholesale, and foodservice customers. The company was founded in 1983 and is headquartered in Oxnard, California.

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Mexico and the U.S. have reached an agreement to restart avocado inspections, allowing U.S. avocado exports to resume. This development is expected to positively impact companies and ETFs related to avocado production and trade.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 5:42 pm

The U.S. government has temporarily suspended avocado imports from Mexico's Michoacan state due to a security incident. This decision could impact companies and ETFs related to avocado imports and the broader market.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 9:59 pm

Mission Produce shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 8:33 pm

Mission Produce (AVO) has updated its Q3 capital expenditures to $40M-$45M. Warmer temperatures due to El Niño are expected to reduce Peruvian avocado harvest yields by over 50%, negatively impacting gross profit despite higher pricing. Overall industry volumes are expected to decline by 10-15% in Q3 2024.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 8:25 pm

Mission Produce (NASDAQ:AVO) reported Q2 2024 adjusted EPS of $0.14, significantly beating the analyst estimate of $(0.03). The company also reported sales of $297.6 million, surpassing the $214.85 million estimate and marking a 34.60% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 8:24 pm

Lake Street has initiated coverage on Mission Produce (NASDAQ:AVO) with a Buy rating and a price target of $15.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 5:34 pm

Asana, Inc. (ASAN) shares fell by 11% following soft FY25 revenue guidance, despite beating quarterly earnings and sales estimates. Other stocks showed significant movement, with ClearOne, Inc. (CLRO) and Regulus Therapeutics Inc. (RGLS) among the top gainers, while BYND Cannasoft Enterprises Inc. (BCAN) and Simpple Ltd. (SPPL) led the losers. The market saw a mix of positive and negative financial results, strategic moves, and guidance updates.

Portfolio Pulse from Avi Kapoor

March 12, 2024 | 6:07 pm

Bioventus Inc. reported better-than-expected quarterly financial results, leading to a 10.8% surge in its shares. Other companies like Ranpak Holdings, The Beachbody Company, and Oracle Corporation also reported positive financial outcomes or guidance, contributing to significant stock price increases. Notably, Ranpak Holdings saw a 40.1% jump after exceeding fourth-quarter revenue expectations and receiving a price target increase from Baird.

Portfolio Pulse from Avi Kapoor

March 12, 2024 | 2:37 pm

Mission Produce's shares surged following the announcement of their Q1 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 2:23 pm

Mission Produce anticipates a slight sequential increase in avocado pricing, projecting a 10-15% rise from the Q2 2023 average of $1.30 per pound.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:36 pm

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