The company reported earnings per diluted share of $0.24 in the third quarter of 2010, compared with earnings per diluted share of $0.45 in the third quarter of 2009.
Excluding asset impairment and other (credits) charges, the company reported earnings per diluted share of $0.22 for the third quarter of 2010, compared with earnings per diluted share of $0.61 in the third quarter of 2009.
Asset impairment and other (credits) charges totalled a credit of $1.1m, or $0.02 per diluted share, for the third quarter of 2010, primarily as a result of insurance recovery from flood damage to the company’s Guatemala banana farms.
Results for the third quarter of 2009 exclude asset impairment and other (credits) charges, net totalling $10.0m, or $0.16 per diluted share.
Source: Fresh Del Monte Produce
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