Fresh Del Monte Products Inc. FDP, +1.96% reported second-quarter profit that more than doubled, boosted by relaxed restrictions on social gatherings, and revenue that rose 5% as strength in fresh and value-added products helped offset a decline in bananas. The stock was still inactive in premarket trading. Net income for the quarter to July 2 rose to $47.2 million, or 99 cents a share, from $17.9 million, or 38 cents a share, in the year-ago period.
14 billion from $1.09 billion, compared with the FactSet average estimate of $1.15 billion. Fresh and value-added products sales grew 5.9% to $674.0 million, due primarily to higher sales of pineapples, fresh-cut fruits and vegetables, while banana sales fell 0.7% to $426.7 million, mostly a result of lower sales in the Middle East.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Fresh Prince Of Bel-Air’ Peacock Drama Reboot Changes ShowrunnersThere’s a change at the helm of Bel-Air. Chris Collins has stepped down as showrunner and executive producer of Peacock’s drama reboot of the 1990s Will Smith sitcom The Fresh Prince of… 😕
Source: DEADLINE - 🏆 109. / 63 Read more »
‘Fresh Prince of Bel-Air’ Drama Update at Peacock Changes Showrunners (Exclusive)'The Wire' and 'Sons of Anarchy' alum Chris Collins has departed the series inspired by Morgan Cooper's viral video, with the series now expected to air next year. Pass
Source: THR - 🏆 411. / 53 Read more »
‘Fresh Prince of Bel-Air’ Drama Reboot at Peacock Changes ShowrunnersThe showrunner on Peacock’s drama reboot of “The Fresh Prince of Bel-Air” has stepped down, Variety has confirmed. Chris Collins will no longer serve as showrunner and executive p… Unnecessary Boooo
Source: Variety - 🏆 108. / 63 Read more »
Fresh off IPO, ‘biofacturing’ company Zymergen’s stock plunges about 70% after some really bad newsLess than four months after going public and being valued at more than $3 billion by Wall Street, Zymergen Inc. unleashed some bad news Tuesday afternoon and... wow IPO Knitted Companies with no track record So many times the owner cashes out at the top of the market with an IPO and then ducks. Don't see lots of IPO s in a depressed market. The IPO is just a Management and old shareholder's Exit Plan Fee to the bank. Mainstreet holds the bag
Source: MarketWatch - 🏆 3. / 97 Read more »
Del Monte’s iced IPO awaits more fruitful marketDel Monte Pacific (DMPL.SI) has put the $900 million float of its Philippines business on ice as Manila fights a surge in coronavirus cases that has knocked about 7% off its stock market in the past month. The deal would have been the country’s second-largest initial public offering and proceeds would have helped pay down debt for the Singapore-listed group.
Source: Breakingviews - 🏆 470. / 51 Read more »
Why You May Have to Wait Longer for the Fresh Prince of Bel-Air Reboot - E! OnlineIs the road to BEL-Air off to a rocky start? Find out why the Peacock reboot is likely moving to 2022.
Source: enews - 🏆 466. / 52 Read more »