Chiquita Brands (CQB) Posts Narrower than Expected Q3 Loss; Guides Q4, FY11 Sales Growth
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Price: $14.49 --0%
Financial Fact:
Selling, general and administrative: 48.5M
Today's EPS Names:
SVBT, ZEO, OTLK, More
Financial Fact:
Selling, general and administrative: 48.5M
Today's EPS Names:
SVBT, ZEO, OTLK, More
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Chiquita Brands International, Inc. (NYSE: CQB) reported Q3 EPS of ($0.14), $0.24 better than the analyst estimate of ($0.38). Revenue for the quarter came in at $723 million versus the consensus estimate of $683.17 million.
The company expects to achieve net sales growth of at least 3 percent (excluding the effect of discontinued non-core produce lines and the European smoothies business that was deconsolidated in 2010), and fourth quarter and full year 2011 comparable results that are significantly better than in 2010.
The company expects to achieve net sales growth of at least 3 percent (excluding the effect of discontinued non-core produce lines and the European smoothies business that was deconsolidated in 2010), and fourth quarter and full year 2011 comparable results that are significantly better than in 2010.
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