The second quarter 2012 net income on a comparable basis was $12 million or $0.27 per diluted share, versus $34 million or $0.73 per diluted share in 2011. U.S. GAAP results for Q2, 2012 were net income of $6 million or $0.12 per diluted share versus net income of $78 million or $1.68 per diluted share in 2011. The adjustments between comparable results and GAAP results are included in the table in the press release.Looking at bananas, sales were 4% lower at $533 million, comparable operating income was $29 million or 5.5% of sales and was impacted by the absence of a product supply surcharge in North America, the weakening euro in European markets and slightly higher delivered fruit cost. Local pricing gains in Europe partially offset these impact.
Chiquita Brands International's CEO Discusses Q2 2012 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.