Del Monte: 2Q Earnings Snapshot
CORAL GABLES, Fla. (AP) _ Fresh Del Monte Produce Inc. (FDP) on Tuesday reported a second-quarter loss of $7.9 million, after reporting a profit in the same period a year earlier.
The Coral Gables, Florida-based company said it had a loss of 16 cents per share. Earnings, adjusted for one-time gains and costs, came to 14 cents per share.
The food producer posted revenue of $1.27 billion in the period.
Del Monte shares have dropped 15 percent since the beginning of the year. The stock has fallen 21 percent in the last 12 months.