DOLE

Dole Touches New Low Despite Improved Results

(RTTNews) - Shares of fruit and vegetable supplier Dole plc (DOLE) are down more than 6% in the morning trade on Friday despite reporting improved third-quarter results.

Net income was $29.89 million or $0.31 per share in the third quarter compared with $18.56 million or $0.20 per share in the same quarter ago.

Excluding one-time items, the company reported earnings of $0.04 per share

Revenue for the quarter were slightly higher at $2.32 million than $2.31 million in the same quarter a year ago.

Shares of Dole, which went public in July, touched a new low of $12.20 this morning before edging up to $12.37 currently.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.