Limoneira Company Announces First Quarter Fiscal Year 2019 Financial Results
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Limoneira (LMNR) Misses Q1 EPS by 4c, Revenues Miss; Offers FY19 EPS Mid-Point Guidance Above Consensus
March 12, 2019 4:16 PM EDTLimoneira (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
