AP NEWS

Del Monte: 2Q Earnings Snapshot

July 31, 2018

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.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FDP at https://www.zacks.com/ap/FDP

AP RADIO
Update hourly