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Earnings Analysis: 
Del Monte Posts 47% Lower Profit
Author: 123jump.com Staff
123jump.com
Last Update: 1:06 PM EST November 30 2006



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Del Monte Foods second-quarter earnings decreased 47%, hurt by charges and rising cost pressures. Brown-Forman quarterly net profit increased 14%, helped by an asset sale and strong sales of premium brands such as Jack Daniel''s Tennessee Whiskey. H.J. Heinz second-quarter profit slipped 6%, reflecting a higher tax rate and the impact of discontinued operations. Descartes Systems Group posted a 17% increase in revenue over year-ago quarter.

 

 

 

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