Fresh Del Monte shares little changed following miss on earnings Fresh Del Monte (FDP $27.31 +0.00) reported fourth quarter net of breakeven, excluding non-recurring items, $0.07 worse than the Capital IQ consensus of $0.07, while revenues fell 0.5% year/year to $776.9 million versus the $801.5 million consensus. Gross profit for the year 2012 was $341.7 million, compared with $319.5 million in 2011. Excluding asset impairment and other charges and credits, gross profit was $342.6 million in 2012, compared with $318.1 million in 2011. Net sales for the year decreased 7% to $1.5 billion, from $1.7 billion in 2011, primarily due to lower sales volume in Northern Europe and in secondary markets in the Middle East, partially offset by higher sales volume in the Company's North America market.

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