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BUSINESS
July 16, 1999 | From Bloomberg News
Dole Food Co., the world's largest producer and marketer of fresh fruit, said Thursday that second-quarter earnings fell 54% and warned that depressed banana prices in Europe will push profit lower in the third quarter. Profit from operations fell to $37.5 million, or 66 cents a share, from $82.1 million, or $1.35, a year ago. The company was expected to earn 64 cents, the average estimate of four analysts surveyed by First Call Corp. Individual estimates ranged from 60 cents to 75 cents.
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BUSINESS
July 16, 1999 | From Bloomberg News
Dole Food Co., the world's largest producer and marketer of fresh fruit, said Thursday that second-quarter earnings fell 54% and warned that depressed banana prices in Europe will push profit lower in the third quarter. Profit from operations fell to $37.5 million, or 66 cents a share, from $82.1 million, or $1.35, a year ago. The company was expected to earn 64 cents, the average estimate of four analysts surveyed by First Call Corp. Individual estimates ranged from 60 cents to 75 cents.
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BUSINESS
October 1, 1999
* Los Angeles-based Reliance Steel & Aluminum Co., a metals service center operator, said it has agreed to buy Arrow Metals, a division of Garland, Texas-based Arrow Smelters Inc. Terms were not disclosed. * * SeraCare Inc., a Los Angeles-based maker of biomedical devices, reported a net loss for its fiscal second quarter ended Aug. 30 of $367,700, or 3 cents a share, contrasted with net income of $706,700, or 6 cents, a year ago. Revenue rose to $13.4 million from $11 million.
BUSINESS
September 14, 1999
* Los Angeles lawyers Cynthia McClain-Hill and Robert Pryce have formed a law firm, McClain-Hill Pryce, which will be based in Los Angeles and have offices in Sacramento and Las Vegas. * SeraCare Inc., a Los Angeles-based maker of plasma-based diagnostic products, has named James Linesch chief financial officer. He succeeds Jerry Burdick, who will become executive vice president of administration.
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