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Limoneira: Fiscal Q1 Earnings Snapshot

March 10, 2021 GMT

SANTA PAULA, Calif. (AP) _ Limoneira Co. (LMNR) on Wednesday reported a loss of $4.2 million in its fiscal first quarter.

The Santa Paula, California-based company said it had a loss of 25 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 28 cents per share.

The agribusiness company posted revenue of $38.3 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $35.4 million.

Limoneira shares have increased 12% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $18.63, a climb of 19% 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 LMNR at https://www.zacks.com/ap/LMNR