Chiquita Brands (CQB) Chairman Clarifies Comments Made Yesterday About Q3 Outlook
More News related to CQB
- Chiquita Provides Interim Price & Volume Data for July-August 2008
- Chiquita Dedicates James R. Lugg Global Research & Innovation Center
- Chiquita Enters Value-Added Produce Market in China
- Leading Research Firm Profiles Chiquita Brands Migration to Managed e-Mail Service
- Chiquita Completes Sale of Atlanta AG to UNIVEG
More News related to Guidance
- Trading Radar for 10/16: Google (GOOG), Citi (C), Merrill Lynch (MER), Nokia (NOK), SunPower (SPWRA), AMD (AMD) Report; CPI, Crude Inventories, Initial Jobless Claims Due
- Unusual 11 Mid-Day Movers 10/15: WPRT, FTBK, DUG, EEV Higher; SFI, CIM, TIN, SSCC Lower
- Notable Analyst Rating Changes 10/15: IBM, AAPL, DNA, HD, LOW, LVS Upgraded; DELL, EBAY, SSP Downgraded
- Notable Mergers and Acquisitions of the Day 10/15: EPIC, AOC/MCY, MXIM
- Morning Movers 10/15: Coca-Cola (KO) Higher On Solid Results; eBay (EBAY) Lower On Downgrade
Chiquita Brands International, Inc. (NYSE: CQB) today clarified certain comments made in its mid-quarter price and volume release issued yesterday.
Chiquita's Chairman and CEO, Fernando Aguirre said, "We would like to clarify that, assuming continued pricing and foreign exchange trends as well as current cost expectations, the 'significant loss' anticipated in the third quarter of 2008 is expected to be roughly in line with the loss incurred during the third quarter of 2007. Consistent with our earlier disclosures, we continue to expect to deliver much better performance for 2008 versus year ago."
Chiquita Brands International, Inc. and its subsidiaries engage in the distribution and marketing of bananas and fresh produce under the Chiquita and other brand names worldwide.
Related Categories
GuidanceHot List
Stocks Mentioned
-1.33Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
