iEntry 10th Anniversary RSS Newsletter Advertising
Visit Twellow.com
Text: Decrease Font Size Increase Font Size | Print Print Article | Share: Delicious Digg StumbleUpon Post to Twitter Post to Facebook
CommentThursday, March 3, 2005

Del Monte Profits Down

Del Monte Foods said that its profit for its latest quarter went down 9.3% as a result of higher steel and energy costs.

Del Monte earned $48.5 million in the fiscal third quarter compared to $53.5 million the previous year.

According to MarketWatch,

"Excluding costs for the integration of acquired businesses, earnings would have been 24 cents a share, in line with the average estimate of analysts polled by Thomson First Call.

Revenue rose 6.2 percent to $861.3 million, exceeding analyst forecasts of $849.9 million, amid higher volumes from new products and increased pricing.

Sales were up across each of the company's operating segments, including StarKist, private label soup and pet products."

WebProNews | Breaking eBusiness News
Your source for investigative ebusiness reporting and breaking news.

News Tags: MarketWatch
About the author:
WebProNews | Breaking eBusiness News Your source for investigative ebusiness reporting and breaking news.

Publish A Comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
1 + 11 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.
SEARCH












Subscribe to WebProNews


Send me relevant info