Fresh Del Monte Produce Inc. (FDP) released earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $31.1 million, or $0.64 per share. This compares with $26.1 million, or $0.55 per share, last year.
Excluding items, Fresh Del Monte Produce Inc. reported adjusted earnings of $30.3 million or $0.63 per share for the period.
Analysts on average had expected the company to earn $0.62 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 0.8% to $1.098 billion from $1.107 billion last year.
Fresh Del Monte Produce Inc. earnings at a glance (GAAP) :
-Earnings: $31.1 Mln. vs. $26.1 Mln. last year.-EPS: $0.64 vs. $0.55 last year.-Revenue: $1.098 Bln vs. $1.107 Bln last year.
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