KeyBanc Capital Mkts initiated coverage for Del Monte Foods Company with a recommendation of Hold.
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by Rich Pike
Del Monte Foods Thursday said that for the fiscal second quarter ended Nov. 1, profit from continuing operations was $62.6 million, or 31 cents a share, compared with $27.3 million, or 14 cents a share, a year earlier. Sales came in at $958.9 million -- a rise of 6.4 percent
Earnings topped analyst expectations and company raised its full-year guidance.
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by Larry Etter
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