Limoneira Company Announces Third Quarter Fiscal Year 2016 Financial Results
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Limoneira (LMNR) Tops Q3 EPS by 13c; Updates Outlook
September 8, 2016 4:08 PM EDTLimoneira (NASDAQ: LMNR) reported Q3 EPS of $0.71, $0.13 better than the analyst estimate of $0.58. Revenue for the quarter came in at $39.9 million versus the consensus estimate of $37.69 million.
Updating Fiscal Year 2016 Outlook
For the fiscal year ending October 31, 2016, the Company continues to expect to sell between 2.7 million and 3.0 million cartons of fresh lemons at an average price of approximately $24.00 per carton. The Companys avocado harvest concluded in the third quarter of fiscal year 2016, with the Company selling 11.4 million pounds at $0.95 per pound in fiscal year 2016.
The Company is reiterating its guidance... More
