Limoneira meets 4Q profit forecasts
SANTA PAULA, Calif. (AP) _ Limoneira Co. (LMNR) on Tuesday reported fiscal fourth-quarter profit of $19,000.
On a per-share basis, the Santa Paula, California-based company said it had profit of 1 cent. Losses, adjusted for non-recurring gains, were 6 cents per share.
The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 6 cents per share.
The agribusiness company posted revenue of $19.5 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $15.4 million.
For the year, the company reported profit of $8.1 million, or 52 cents per share. Revenue was reported as $111.8 million.
Limoneira expects full-year earnings to be 38 cents to 42 cents per share.
Limoneira shares have fallen 2 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $21.09, a rise of 48 percent in the last 12 months.
Keywords: Limoneira, Earnings Report