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Stock impact report

Why Is Mission Produce (AVO) Stock Rocketing Higher Today [Yahoo! Finance]

Mission Produce, Inc. (AVO) 
Company Research Source: Yahoo! Finance
The company's performance was driven by a 10% increase in avocado sales volume. This led to an adjusted profit of $0.26 per share, a 13% increase from the previous year and significantly beating analyst estimates by $0.11. Further demonstrating its financial health, Mission Produce reported adjusted EBITDA (a measure of profitability) of $32.6 million, while its gross profit margin improved by 120 basis points year-on-year to 12.6%. The positive results were attributed to the company's vertically integrated model and its ability to maintain a consistent, year-round supply. Is now the time to buy Mission Produce? Access our full analysis report here, it's free What Is The Market Telling Us Mission Produce's shares are not very volatile and have only had 8 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. T Show less Read more
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