Limoneira: Fiscal Q4 Earnings Snapshot

December 22, 2022 GMT

SANTA PAULA, Calif. (AP) _ Limoneira Co. (LMNR) on Thursday reported a loss of $2.7 million in its fiscal fourth quarter.

The Santa Paula, California-based company said it had a loss of 16 cents per share. Losses, adjusted for non-recurring gains, came to 32 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.

The agribusiness company posted revenue of $39.7 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $33 million.

For the year, the company reported that its loss narrowed to $236,000, or 4 cents per share. Revenue was reported as $184.6 million.


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