Fresh Del Monte Produce Beats EPS Estimates, Misses on Revenues (FDP)
Tue. October 27, 2009; Posted: 08:51 AM
Oct 27, 2009 (SmarTrend(R) News Watch via COMTEX) --
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PowerRating -- 10/17/2009 - Fresh Del Monte Produce (NYSE:FDP) reported Q3 EPS of $0.61, ex-items, beating consensus analyst estimates of $0.37. Revenue for the quarter fell 8% year-over-year to $766.2 million, falling short of consensus estimates of $819.0 million. Chairman and CEO Mohammad Abu-Ghazaleh said, "We are pleased with the quarter's strength of earnings, in what is seasonally a weaker quarter . . . Although we anticipate weak global market conditions to continue in the near term, we are very optimistic about Fresh Del Monte's future prospects. Our financial depth and flexibility are exceptionally sound."
Write to Chip Brian at cbrian@tradethetrend.com
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For full details on Fresh Del Monte Produce (FDP)
click here. Fresh Del Monte Produce (FDP) has Short Term PowerRatings of 5. Details on Fresh Del Monte Produce (FDP) Short Term PowerRatings is available at
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