Limoneira: Fiscal Q1 Earnings Snapshot
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.