SANTA PAULA, Calif. (AP) — Limoneira Co. (LMNR) on Monday reported fiscal second-quarter net income of $2.8 million.
The Santa Paula, California-based company said it had net income of 15 cents per share. Losses, adjusted for non-recurring gains, were 9 cents per share.
The agribusiness company posted revenue of $42 million in the period.
Limoneira expects full-year earnings in the range of 25 cents to 45 cents per share.
Limoneira shares have fallen almost 2% since the beginning of the year. In the final minutes of trading on Monday, shares hit $19.18, a decrease of 23% in the last 12 months.