Limoneira (NASDAQ: LMNR) reported Q2 EPS of ($0.29), $0.30 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $39.6 million versus the consensus estimate of $38.9 million.

Updated Fiscal Year 2020 Outlook

Because of uncertainty around the duration, scope and ultimate financial impact of the COVID-19 pandemic, Limoneira management is withdrawing its fiscal year 2020 outlook previously provided on March 11, 2020.

The decline in demand for our products during the second quarter of fiscal year 2020, which we believe was a result of the COVID-19 pandemic, negatively impacted our sales and profitability for the second quarter of 2020. The duration of these trends and the magnitude of such impacts cannot be estimated at this time, as they are affected by a number of factors, many of which are outside management’s control. Although subject to unforeseen changes that may arise as the COVID-19 pandemic continues to unfold, we currently expect record lemon volumes for fiscal year 2020 and improvement in adjusted EBITDA during the second half of 2020. We saw improved sell-through results during the month o

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