Limoneira meets 4Q profit forecasts

01/10/17 04:28 PM EST

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.

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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

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Keywords: Limoneira, Earnings Report