Dole Plc slips after Q3 results miss estimates

Dole

03/12/2021 15:11

** Shares of farm produce giant Dole Plc  DOLE.N  fall as
much as 7.3% to $12.20 - stock's lowest level since going public
in July     
    ** Co reports Q3 revenue of $2.32 bln, missing estimates of
$2.56 bln misses; says labor issues affected vegetable
production, while supply chain issues also hurt revenue
 urn:newsml:reuters.com:*:nBw8hg5Sha  
    ** Co's adj. Q3 EPS of $0.04 also falls short of est. $0.24,
according to IBES data from Refinitiv
    ** DOLE last down 3.9% and is set for its worst day in over
two months 
    ** Stock down ~22% from its IPO price of $16

 (Reporting by Uday Sampath in Bengaluru)
 ((UdaySampath.Kumar@thomsonreuters.com; within U.S.+1 646 223
8780; Twitter: https://twitter.com/sampath_uday  ;))