Limoneira Company Announces First Quarter Fiscal Year 2019 Financial Results

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Go back to Limoneira Company Announces First Quarter Fiscal Year 2019 Financial Results

Limoneira (LMNR) Misses Q1 EPS by 4c, Revenues Miss; Offers FY19 EPS Mid-Point Guidance Above Consensus

March 12, 2019 4:16 PM EDT

Limoneira (NASDAQ: LMNR) reported Q1 EPS of ($0.11), $0.04 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $42 million versus the consensus estimate of $46.73 million.

Harold Edwards, President and Chief Executive Officer, stated, "Our topline growth was primarily due to a 39% increase in lemon sales, partially offset by weaker lemon pricing due to colder weather in the U.S. during the last month of the quarter and lower orange pricing in the quarter. Our business is best viewed on an annual basis, which is why despite the lower pricing environment, we... More