Alico, Inc. (ALCO) Misses Q2 EPS by 54c

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Go back to Alico, Inc. (ALCO) Misses Q2 EPS by 54c

Alico, Inc. Announces Third Quarter and Nine Months of Fiscal Year 2014 Financial Results

August 11, 2014 4:15 PM EDT

FORT MYERS, Fla., Aug. 11, 2014 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico") (Nasdaq: ALCO), an American agribusiness and land management company, today announced financial results for the third quarter and nine months ended June 30, 2014. Net income applicable to common stock for the third quarter of fiscal 2014 was $1.1 million, or $0.15 per basic and diluted share, compared to net income of $4.1 million, or $0.55 per diluted share in the third quarter of fiscal 2013. The third quarter of fiscal 2014 results were negatively impacted by a $2.3 million one-time charge related to a triple net agricultural lease entered into with our sole sugarcane... More