Dole Shares Fall Following Third-Quarter Earnings Miss and Reduced Full-Year Guidance
Shares of Dole (DOLE) fell approximately 8% in premarket trading on Monday after the fresh produce company reported third-quarter adjusted earnings that failed to meet analyst expectations. The decline follows a disappointing quarterly performance characterized by lower-than-anticipated profitability. In addition to the earnings miss, Dole lowered its full-year profit guidance, citing a challenging cost environment as a primary driver for the downward revision. This move reflects ongoing pressure from rising operational expenses affecting the company's bottom line.
Tickers: $DOLELN
Topics: earnings report profit guidance stock price drop
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