Dole reaps benefits from Q1 profit beat

Dole

18/05/2023 12:27

** Shares of fresh fruits and vegetables producer Dole Plc
 DOLE.N  up 3.8% at $12.38 before the bell
    ** Company reports Q1 adj profit of $0.34/share vs analysts'
estimate of $0.18/share - Refinitiv data
    ** Co's revenue for the quarter increases 1% to $2.0 bln
    ** On GAAP basis, reports a profit of $0.15/share vs a loss
of $0.01 in Q1 2022
    ** Continues to expect to deliver Adjusted EBITDA from
continuing operations of $350.0 mln for 2023
    ** Co says it sees signs of improved logistical efficiencies
in several areas, which is helping to bring more stability after
a period of severe supply chain disruption
    ** Stock has risen 23.6% YTD as of last close

 (Reporting by Sri Hari N S in Bengaluru)
 ((SriHari.NS@thomsonreuters.com))