Fresh Del Monte stock slips after earnings fall short of expectations
fruit ©Pickpik On Tuesday, Fresh Del Monte Produce Inc. (NYSE:FDP) posted first-quarter results that came in below Wall Street forecasts, with adjusted earnings per share of $0.63 missing the analyst consensus of $0.82 by $0.19. Revenue totaled $1.04 billion, also trailing the $1.05 billion estimate and marking a 4.9% decline from $1.10 billion a year earlier. Shares of the company edged down 0.17% following the release. The drop in revenue was largely attributed to the divestiture of its Mann Packing ...