The decline follows Dole lowering its profit forecast and its forecast for capital investment in 2026.
According to the new forecast, operating income will be $380-390 million. The previous forecast was about $400 million, and analysts' average forecast was $398 million.
The forecast for investment this year has been cut to $90 million, from $100 million previously.
In the third quarter, Dole reported operating income of $84.1 million, up 4.1 percent from the same quarter last year. However, analysts' average forecast was $93.7 million, according to Bloomberg.
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