By Denny Jacob
Dole posted a smaller profit as revenue ticked down slightly in its latest quarter.
The Dublin-based agricultural company logged net income of $38.9 million, or 41 cents a share, compared with $70.1 million, or 74 cents a share, in the prior-year period.
Dole said the bottom-line decrease was primarily due to the benefit of an exceptional net gain on the disposal of the Progressive Produce business in the prior period.
Stripping out certain one-time items, earnings came in at 35 cents a share.
Revenue edged down to $2.1 billion from $2.12 billion.
Revenue in the fresh fruit-segment increased more than 6.5% to $878.1 million due to higher volumes of bananas sold worldwide, as well as higher pricing of pineapples and plantains around the world.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
May 12, 2025 06:41 ET (10:41 GMT)
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