Why Dole's Stock Popped Today
Well known fruit and vegetable company Dole (NYSE: DOLE) reported a strong first quarter, with net income soaring compared the prior-year period. Dole has been a big stock market winner this year with shares surging about 36% year to date. Investors' positive reaction to the report came from the management's projection that full-year financial targets are likely to be met despite weather and supply chain headwinds.