Fresh Del Monte Produce Tuesday reported first-quarter net income of $34.9 million, or 55 cents a share, vs. $63.6 million, or $1 a share, in the same period a year ago. Analysts surveyed by FactSet Research had been expecting the company to make 84 cents a share on average. The company, which blamed bad weather and a melon glut for its performance in the quarter, said adjusted net income per diluted share was 56 cents vs. $1.07 in the first quarter of 2008.

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