- Fresh Del Monte Products (NYSE:FDP) falls 15% after posting a disappointing earnings report.
- A 3% increase in banana prices wasn't nearly enough to offset a 9% drop in banana volume during the quarter. Banana unit costs rose 7% during the quarter as higher distribution costs were seen in all of the company's business segments.
- Shares of FDP trade at a two-month low.
- Previously: Fresh Del Monte Produce reports Q4 results (Feb. 19)
- Previously: More on Fresh Del Monte's Q4 results (Feb. 19)
Fresh Del Monte -15% after weak banana volume
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About FDP Stock
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Symbol | Last Price | % Chg |
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FDP | - | - |
Fresh Del Monte Produce Inc. |