Tallahassee, FL 2/28/12 (StreetBeat) -- Fruit and vegetable distributor Fresh Del Monte Produce Inc (NYSE: FDP) posted a loss in its fourth quarter, while analysts had expected a profit, hurt by higher fuel costs and lower gross profit.The company reported a fourth-quarter loss of $10.1 million, or 17 cents per share, compared with a year-ago loss of $9.6 million, or 16 cents per share.
Excluding certain items, Fresh Del Monte posted a loss of 15 cents per share. Net sales fell more than 4 percent to $780.8 million for the period.
Analysts, on average, had expected the company to earn 15 cents per share, on revenue of $837.3 million.
Shares of the Coral Gables, Florida-based company closed at $24.98 on Monday on the New York Stock Exchange.
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