Calavo shares dip after earnings report
IN THIS ARTICLE
- Agribusiness Topic
- Jorge Mercado Author
By Jorge Mercado Friday, September 2nd, 2022
Shares of Santa Paula-based Calavo Growers dropped more than 15% on Sept. 2, the day after the company missed analysts’ expectations for its third quarter earnings. Calavo, an avocado and produce distributor, reported net income of $1.3 million, or earnings of 7 cents per share, up from a net loss of $13 million in the…