Dole Food Company Reports Mixed Results (DOLE)

Dole Food Company Inc. DOLE reports Q3 earnings loss of $0.61 from continuing operations. Dole Food Company Inc. reports Q3 revenues of $1.99 billion versus consensus of $1.97 billion. Fresh vegetable sales were up 9%; packaged food sales were up 8%. David A. DeLorenzo, Dole's President and CEO said: "Despite challenging conditions in our fresh fruit segment, we reported strong financial results for the third quarter. Adjusted EBITDA increased $16 million to $101 million and we reduced net debt by $25 million during the quarter and $71 million year-to-date.” He added, “The strong turnaround in our fresh vegetables segment continued during the third quarter, with Adjusted EBITDA growing by $10 million on higher pricing and volumes. Our packaged foods segment also continued to perform well, with successful new product introductions and year-to-date results ahead of last year." Shares of DOLE are bid lower in the after-hours.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsAfter-Hours Center
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!