Del Monte Reports Strong EPS Even With Revenue Pressure
Del Monte beats second-quarter EPS estimates as acquisition-driven growth offsets weaker banana sales and fresh produce segment challenges.
Del Monte made more money per share than people expected, even though some of their products aren't selling as well as before. When a company buys another business to grow, watch if that new business stays strong or if the old problems get worse.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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