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Alico: Fiscal 2Q Earnings Snapshot

May 11, 2020 GMT

FT. MYERS, Fla. (AP) _ AliCo. (ALCO) on Monday reported fiscal second-quarter profit of $3.6 million.

On a per-share basis, the Ft. Myers, Florida-based company said it had net income of 48 cents. Earnings, adjusted for one-time gains and costs, were 29 cents per share.

The agribusiness and land management company posted revenue of $50.5 million in the period.

Alico shares have fallen 18% since the beginning of the year. The stock has increased nearly 10% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALCO at https://www.zacks.com/ap/ALCO

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