Dole's Profits Top Estimates Despite Sales Decline

Key Takeaways Dole beat second-quarter profit and sales estimates, despite a drop in demand in some key markets. The company blamed falling revenue on the negative impact of acquisitions, divestitures, and foreign currency exchange. Dole raised its full-year outlook for adjusted EBITDA, though it was short of forecasts compiled by Visible Alpha. Fruit and vegetable distributor Dole (DOLE) reported second-quarter profit and sales that beat analysts' estimates, despite a drop in demand in some key markets. Th ...