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Earnings Results: Fresh Del Monte earnings hurt by banana surplus, drug trade

2016-02-23 22:54:59| Agriculture - Topix.net

Fresh Del Monte Produce Inc. said an oversupply of bananas and the use of banana ships in the global drug trade were a drag on quarterly earnings, despite gains made in the growing avocado business. shares closed down 4.9% at $38.52 on Tuesday after it reported a loss of $1.39 per share, up from a penny per share the year before.

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