Del Monte Doing Lousy Today

Filed under: Earnings Reports, ConAgra Foods (CAG), Kraft Foods'A' (KFT)

Del Monte Food Company's (DLM) stock wasn't one you wanted to be in today. Especially at a time when the bulls are in charge. The company, whose colleagues include ConAgra Foods, Inc. (CAG) and Kraft Foods Inc. (KFT), was down 2.1% to $12.56 about thirty minutes before the close of the session.



First-quarter data was reported by the business this morning. The market obviously wasn't too pleased. According to an article over at TheStreet.com, profit from continuing operations was 29 cents per share. This figure was two pennies above the estimate generated by the analysts. No matter what the traders are doing to the stock, at least shareholders can be happy about that aspect of the period.

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Del Monte Doing Lousy Today originally appeared on BloggingStocks on Fri, 03 Sep 2010 18:30:00 EST. Please see our terms for use of feeds.

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