Dole Food Company (DOLE) Misses Q1 EPS by 11c; Initiates Strategic Review

Dole Food Company (NYSE: DOLE) reported Q1 EPS of $0.20, $0.11 worse than the analyst estimate of $0.31. Revenue for the quarter came in at $1.63 billion versus the consensus estimate of $1.68 billion.

The company is working with financial advisors to assist the Board of Directors and management in reviewing strategic alternatives and in evaluating prospects and options pertaining to select businesses of the company. There can be no assurances that the company will pursue or complete any of the strategic alternatives that are reviewed. The company intends to disclose developments with respect to the progress of the strategic review process at such time, if any, that the company determines further disclosure is appropriate or required.

For earnings history and earnings-related data on Dole Food Company (DOLE) click here.

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