Calavo: Fiscal 4Q Earnings Snapshot
SANTA PAULA, Calif. (AP) _ Calavo Growers Inc. (CVGW) on Monday reported fiscal fourth-quarter earnings of $6.2 million.
The Santa Paula, California-based company said it had profit of 35 cents per share. Earnings, adjusted for one-time gains and costs, came to 34 cents per share.
The avocado grower posted revenue of $234.4 million in the period.
For the year, the company reported a loss of $13.6 million, or 78 cents per share, swinging to a loss in the period. Revenue was reported as $1.06 billion.
For the current quarter ending in February, Calavo said it expects revenue in the range of $215 million to $225 million.
Calavo shares have declined 20% since the beginning of the year. In the final minutes of trading on Monday, shares hit $72.16, a drop of 21% in the last 12 months.