Limoneira Company Announces Third Quarter Fiscal Year 2018 Financial Results
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Limoneira (LMNR) Misses Q3 EPS by 5c, Revenues Beat; Lowers FY18 EPS Mid-Point Outlook Below Consensus
September 10, 2018 4:03 PM EDTLimoneira (NASDAQ: LMNR) reported Q3 EPS of $0.50, $0.05 worse than the analyst estimate of $0.55. Revenue for the quarter came in at $39.95 million versus the consensus estimate of $37.27 million.
Harold Edwards, President and Chief Executive Officer, stated, "Strong lemon and orange results in fiscal third quarter were partially offset by reduced avocado pricing due to a record heat that occurred late in the third quarter. The positive pricing environment and increased volume for lemons continues to improve... More
