SANTA PAULA, Calif. (AP) — Limoneira Co. (LMNR) on Thursday reported fiscal first-quarter net income of $8.6 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Santa Paula, California-based company said it had net income of 58 cents. Losses, adjusted for pretax gains, came to 9 cents per share.
The agribusiness company posted revenue of $31.6 million in the period.
Limoneira expects full-year earnings in the range of 65 cents to 75 cents per share.
Limoneira shares have decreased almost 7 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $20.86, a rise of 18 percent in the last 12 months.