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Fresh Del Monte Produce beat second-quarter earnings expectations but missed on revenue Tuesday. Earnings rose to $97.7 million, or $1.86 per share, from $65.9 million, or $1.21 per share in the year-earlier period. Comparable earnings-per-share were $1.75, above the FactSet consensus of $1.37. Revenue decreased to $1.09 billion from $1.13 billion, below the FactSet consensus of $1.16 billion. The latest results include growth in fresh-cut and avocado product lines but lower sales volume in other fresh produce and banana business segments, the company said, attributed to bad weather and unfavorable exchange rates. The stock gained 28.3% over the last three months, compared with a 4.3% rise in the S&P 500 .

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Shares of Royal Caribbean Cruises Ltd. surged 2.3% in premarket trade Tuesday, after the cruise operator beat second-quarter profit expectations, while sales and its profit outlook were below views. For the quarter ended June 30, earnings rose to $229.9 million, or $1.06 a share, from $185.0 million, or 84 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to $1.09, above the FactSet consensus of $1.02. Revenue increased to $2.11 billion from $2.06 billion, just shy of the FactSet consensus of $2.17 billion, as a miss in passenger ticket revenue offset a beat in onboard and other revenue. Looking ahead, the company expects third-quarter adjusted EPS of $3.10, below the FactSet consensus of $3.38, and 2016 adjusted EPS of $6.00 to $6.10, compared with expectations of $6.23. “While there are always puts and takes in our key markets, our portfolio is performing as expected, our booked position remains strong, and our newbuilds are entering their markets to great fanfare,” said Chief Financial Officer Jason Liberty. The stock has tumbled 29% year to date through Monday, while the S&P 500 has gained 6.2%.

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SodaStream International Ltd. shares were up 13.6% in Tuesday premarket trading after the company said second-quarter earnings beat expectations. Net income totaled $7.8 million, or 37 cents per share, up from $960,000, or 5 cents per share, for the same period last year. The FactSet consensus was 21 cents per share. Revenue for the quarter totaled $119.2 million, up from $99.8 million for the same period last year, and beating the $106 million FactSet consensus. Revenue growth was attributed to a brand repositioning around sparkling water, according to Daniel Birnbaum, SodaStream chief executive officer, and an increase in sparkling water sales. SodaStream shares are up nearly 49% for the year so far while the S&P 500 Index is up 6.2% for the same period.

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Discovery Communications Inc. reported improved second-quarter earnings on Tuesday that came in above Wall Street expectations. Net income for the quarter was $408 million, or 66 cents per share, compared with $286 million, or 44 cents during the same quarter last year. Adjusted earnings for the quarter were 71 cents, above the 57 cents per-share FactSet consensus. Revenue for the quarter hit $1.708 billion, compared with $1.654 billion in the year earlier period. The FactSet consensus on revenue was $1.710 billion. Advertising revenue for Discovery’s U.S. networks was $471 million during the second quarter, an improvement compared with last year’s $447 million during the same quarter. Discovery shares were inactive in premarket trade and are down more than 7% in the year to date, underperforming the S&P 500 Index , which is up more than 6%.

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Archer Daniels Midland Co. earnings fell to $284 million, or 48 cents per share, from $386 million, or 62 cents per share in the year-earlier period. Adjusted earnings per share were 41 cents, compared with the FactSet consensus of 45 cents. Revenue fell to $15.6 billion from $17.2 billion, below the FactSet consensus of $16.9 billion. The company said that after a “challenging” first half of 2016, with improved fundamentals it expected a “more favorable second half of the year.” The stock gained 9.9% over the last three months, compared with a 4.3% rise in the S&P 500 .

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Procter & Gamble Co. reported Tuesday fiscal fourth-quarter earnings that rose to $1.95 billion, or 69 cents a share, from $521 million, or 18 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share fell 15% to 79 cents, but beat the FactSet consensus of 74 cents. Revenue fell 3% to $16.10 billion from $16.55 billion, but was above the FactSet consensus of $15.83 billion. Declines in beauty, fabric & home care and baby, feminine & family care sales offset growth in grooming and health care sales. For fiscal 2017, the consumer products giant expects adjusted EPS growth in the mid-single digits percentage range, while the FactSet EPS consensus of $3.95 implies 7.6% growth. The stock, which was little changed in premarket trade, has climbed 8.8% year to date while the Dow Jones Industrial Average has gained 5.6%.

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Drug maker Pfizer Inc. on Tuesday posted second-quarter results that exceeded Wall Street’s targets. Net earnings were $2.01 billion, or 33 cents a share, compared with $2.63 billion, or 42 cents a share, a year ago. Pfizer’s revenue rose to $13.15 billion from $11.85 billion in the year-earlier period. Adjusted earnings came in at 64 cents a share. Analysts polled by FactSet had expected adjusted earnings of 62 cents a share, on revenue of $13.01 billion. Pfizer reaffirmed its 2016 view for revenue of $51 billion to $53 billion, and its adjusted-earnings forecast of $2.38 to $2.48 a share.

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From:: Stock Market News