Fresh Del Monte Produce (FDP) reported a fourth quarter adjusted loss of $0.15 Tuesday morning, compared to the profit of $0.07 last year. The consensus estimate was for EPS of $0.15.
Fresh Del Monte Produce sharply declined during the first half hour of trade Tuesday and closed down by 2.01 at $22.97 on the highest volume of the year. The stock sank to over a 4 1/2 month low.
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