Fresh Del Monte Produce Q3 Profit Rises - Quick Facts

(RTTNews) - Fresh Del Monte Produce Inc. (FDP) reported that its third-quarter net income increased to $19.9 million from $6.4 million in the third quarter of 2013. Earnings per share was $0.35, compared to $0.11 in the third quarter of 2013.

Analysts polled by Thomson Reuters expected the company to report profit per share of $0.29 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased 3% to $884.6 million from $861.1 million in the third quarter of 2013. The company said the increase was driven by higher net sales in the company's banana and other fresh produce business segments. Analysts expected revenue of $898.10 million for the quarter.