Limoneira Company Enters into Agreement with Leading Land Developer, The Lewis Group of Companies, to Develop Santa Paula Gateway

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Go back to Limoneira Company Enters into Agreement with Leading Land Developer, The Lewis Group of Companies, to Develop Santa Paula Gateway

Limoneira (LMNR) Enters Contribution Agreement with Developer Tied to Gateway Project

September 9, 2015 8:20 AM EDT

Limoneira (NASDAQ: LMNR) announced that is has entered into a Contribution Agreement as the initial step that will facilitate a joint venture with The Lewis Group of Companies (the Lewis Group), a leading residential real estate investment company, for the planned development of Santa Paula Gateway (Gateway Project or Project). Limoneira received a deposit of $2.0 million from the Lewis Group upon entering into the Contribution Agreement. Upon the completion of certain conditions to close the transaction, which is anticipated in November 2015 and includes the contribution of the property to the joint venture, Limoneira expects to receive an... More

Limoneira (LMNR) Misses Q3 EPS by 7c; Trims FY15 EPS Outlook

September 9, 2015 8:06 AM EDT

Limoneira (NASDAQ: LMNR) reported Q3 EPS of $0.36, $0.07 worse than the analyst estimate of $0.43. Revenue for the quarter came in at $29.8 million versus the consensus estimate of $26.05 million.

Limoneira sees FY2015 EPS of $0.28-$0.32, versus prior guidance of $0.36-$0.40 and the consensus of $0.38.

For... More