Investing.com - Calavo Growers (NASDAQ:CVGW) reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Calavo Growers announced earnings per share of $0.16 on revenue of $341.99M. Analysts polled by Investing.com anticipated EPS of $0.338 on revenue of $329.34M.
Calavo Growers shares are down 43% from the beginning of the year, still down 14.60% from its 52 week high of $48.85 set on September 8, 2021. They are under-performing the Nasdaq which is down 24.67% from the start of the year.
Calavo Growers follows other major Consumer Staples sector earnings this month
Calavo Growers's report follows an earnings beat by Walmart on August 16, who reported EPS of $1.77 on revenue of $152.86B, compared to forecasts EPS of $1.62 on revenue of $150.99B.
Estee Lauder had beat expectations on August 18 with fourth quarter EPS of $0.42 on revenue of $3.56B, compared to forecast for EPS of $0.3219 on revenue of $3.42B.
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