Dole Plc Q1 Profit Rises, Surpasses Estimates
2024-05-17
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Dole Plc disclosed its first-quarter earnings, which increased from the previous year and surpassed market expectations. The company's earnings amounted to $70.14 million, or $0.74 per share, compared to $14.16 million, or $0.15 per share, in the previous year's first quarter.
Excluding certain items, Dole Plc reported adjusted earnings of $40.55 million or $0.43 per share for the period. According to data compiled by Thomson Reuters, analysts had predicted the company would earn $0.31 per share on average. These estimates typically exclude special items.
The company's revenue for the quarter increased by 6.6% to $2.121 billion, up from $1.989 billion last year.
Here's a quick look at Dole Plc's earnings (GAAP):
Earnings (Q1): $70.14 million, up from $14.16 million last year.
Earnings Per Share (Q1): $0.74, up from $0.15 last year.
Revenue (Q1): $2.121 billion, up from $1.989 billion last year.