Del Monte Foods (DLM) Reports In-Line Q1 Loss of $0.04; Maintains FY09 Guidance
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Del Monte Foods Company (NYSE: DLM) reports a Q1 loss of $0.04 from continuing operations, in-line with the analyst estimate of ($0.04). Revenues for the quarter were $726.2 million, versus the consensus of $747.35 million.
Sees FY09 sales growth of 6-8% with EPS toward the lower end of $0.58-$0.62, versus the Street consensus of $0.58.
Del Monte Foods Company engages in the production, distribution, and marketing of branded food and pet products for the retail market in the United States.
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