I had expected 30-50 cents and was bracing for worse...so 61 cents is very good despite estimates being 70 cents plus, especially compared to Chiquita actually losing money. (Although I have to think analysts were privately expecting worse than the 71 cents but just did not change the #s.)
Another big plus is they did 16.4M worth of buyback. That will win them a huge amount of goodwill in the pending conference call.
I agree, the banana glut and Europe hurt them, but it could have been much worse. Unfortunately, they picked a bad day to release earnings, and it will be a few days before we get a good read on direction of sp. Good buying opp for those on the sideline.