Fresh Del Monte Produce: Q1 Earnings Insights

Fresh Del Monte Produce FDP reported its Q1 earnings results on Wednesday, May 3, 2023 at 06:15 AM.

Here's what investors need to know about the announcement.

Fresh Del Monte Produce missed estimated earnings by 6.78%, reporting an EPS of $0.55 versus an estimate of $0.59.

Revenue was down $8.90 million from the same period last year.

Last quarter the company beat on EPS by $0.49 which was followed by a 2.13% drop in the share price the next day.

Here's a look at Fresh Del Monte Produce's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	-0.04	0.09	0.79
EPS Actual	0.45	0.54	0.43	0.55
Revenue Estimate	1.03B	1.04B	1.15B	1.02B
Revenue Actual	1.04B	1.05B	1.21B	1.14B

To track all earnings releases for Fresh Del Monte Produce visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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