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Posted: 9:40 a.m. Monday, Jan. 28, 2013
CHARLOTTE, N.C. —
Chiquita said it lost money in the fourth quarter. The company predicts it lost between $10 million and $20 million.That’s compared to losing $67 million in the third quarter.The company estimates it made between $1 million and $11 million for all of 2012.The numbers released Monday by the Charlotte-based banana company are preliminary.Chiquita hired a new CEO toward the end of 2012 who promised to help the company grow.The company said it has about $52 million in cash, plus more money that it can borrow if needed.
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