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Del Monte: 4Q Earnings Snapshot

CORAL GABLES, Fla. (AP) _ Fresh Del Monte Produce Inc. (FDP) on Tuesday reported a loss of $34 million in its fourth quarter.

The Coral Gables, Florida-based company said it had a loss of 70 cents per share. Losses, adjusted for one-time gains and costs, were 43 cents per share.

The food producer posted revenue of $1.05 billion in the period.

For the year, the company reported a loss of $21.9 million, or 45 cents per share, swinging to a loss in the period. Revenue was reported as $4.49 billion.

Del Monte shares have risen 25 percent since the beginning of the year. The stock has fallen 24 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FDP at https://www.zacks.com/ap/FDP