UPDATE: Fresh Del Monte Posts Break-Even Profit In Q4
Fresh Del Monte Produce (NYSE: FDP) reported a break-even profit for the fourth quarter.
Fresh Del Monte posted a break-even profit, versus a year-ago loss of $10.1 million, or $0.17 per share.
Its revenue dropped 0.5% to $776.9 million. However, analysts were expecting earnings of $0.07 per share on revenue of $787 million.
Its gross margin rose to 5% from 4%. Fresh Del Monte's banana sales declined 5.7% to $362.4 million.
Fresh Del Monte shares closed at $27.31 on Friday.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.