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Market spotlight: Banana producers
Fri 4:31 pm ET (AP)
Life is sweet for banana producers. In the first quarter, Chiquita Brands, the No. 2 banana producer in North America, swung to a better-than-expected profit as it raised prices. Banana sales rose 12 percent to $584 million, helped by tight supply and a weak dollar.
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| Market Capitalization: | 50B | | Price
/ Earnings: | 12.4 | | Price
/ Book: | 2.1 | | Net
Profit Margin (mrq): | 3.5% | | Price
To Free Cash Flow (mrq): | -8.0 | | Return
on Equity: | 15.7% | | Total
Debt / Equity: | 0.7 | | Dividend
Yield: | 1.1% |
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