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Del Monte reports 4Q loss

CORAL GABLES, Fla. (AP) _ Fresh Del Monte Produce Inc. (FDP) on Tuesday reported a fourth-quarter loss of $6.3 million, after reporting a profit in the same period a year earlier.

The Coral Gables, Florida-based company said it had a loss of 13 cents per share. Losses, adjusted for asset impairment costs and non-recurring costs, came to 8 cents per share.

The food producer posted revenue of $953.7 million in the period.

For the year, the company reported profit of $120.8 million, or $2.39 per share. Revenue was reported as $4.09 billion.

Del Monte shares have fallen slightly more than 2 percent since the beginning of the year. The stock has declined 20 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