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Add as a preferred source on GoogleDole Shares Fall About 8% After Earnings Miss and Profit Target Cut
The fresh produce company cited a higher cost environment when reducing its full-year profit target.
Dole plc shares fell about 8% before the market opened Monday, Nov. 9, after the fresh produce company’s adjusted earnings for the third quarter came in below estimates. The company also reduced its full-year profit target.
Dole cited a higher cost environment as the reason for the lower target.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.