Fresh Del Monte Produce drops on weak Q1 revenue
03/05/2023 16:58
** Shares of fruits and vegetables producer Fresh Del Monte Produce Inc FDP.N fall as much
as 7% to over four-month low of $26.46
** Co's Q1 revenue drops ~1% to $1.13 bln, from $1.14 bln a year ago, driven by lower
selling prices of avocados
** Also posts Q1 adjusted EPS of 55 cents, little changed from a year ago
** Shares last down 5.8% at $26.93
** Stock had risen 2.4% in 2023
(Reporting by Anne Florentyna Gnanaraja Sekar in Bengaluru)
((AnneFlorentyna.GnanarajaSekar@thomsonreuters.com;))
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