Fresh Del Monte Produce (FDP) reported first quarter net income of $0.71 per share Tuesday morning, down from $1.08 per share last year. The consensus estimate was for EPS of $0.95.
Fresh Del Monte Produce gapped open lower Tuesday and declined until mid-morning. Shares finished down by 2.18 at $25.41, with volume at an 8-month high. The stock dropped to a 5-month low and fell below both its 50 and 200-day moving averages.
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