Limoneira shares drop 10% after earnings report
IN THIS ARTICLE
- Agribusiness Topic
- Jorge Mercado Author
By Jorge Mercado Friday, March 11th, 2022
Santa Paula-based Limoneira grew its revenue in the first quarter of its 2021-22 fiscal year thanks to higher avocado prices, but spikes in supplier and packing costs led to a higher net loss than a year ago. Limoneira, a grower and seller of lemons, avocados and other fruits and also a real estate developer, generated…