Limoneira Reports Narrower-Than-Expected Q4 Loss

Limoneira rose 1.9% in Tuesday’s late trading after the company reported financial results for Q4, with a narrower-than-expected loss and revenue that topped analysts’ expectations; it also provided guidance for fiscal 2017 earnings below Street estimates.

For the quarter ended Oct. 31, 2016, the agribusiness and real estate development company posted loss of $0.01 per share, compared with the prior-year period’s $0.04 loss per share. Analysts polled by Capital IQ were expecting a loss of $0.06 per share.

Revenue was $19.5 million, up 37% from $14.2 million in the same quarter last year. The Street view is for revenue of $15 million. The company expects fiscal 2017 EPS of $0.38 – $0.42, versus the Street view of $0.51 EPS.

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