Limoneira operating income jumps 35% on higher lemon prices
Agribusiness, Banking & Finance, East Ventura County, Tri-County Economy, Tri-County Public CompaniesSanta Paula-based fruit grower Limoneira Co.’s second-quarter profits fell 16.7 percent to $2 million despite higher revenue and operating income. The earnings decrease was affected by Limoneira’s sale last year of 165,000 shares of Santa Paula-based Calavo Growers, a transaction that netted a $3.1 million gain in the second quarter of 2013. Limoneira’s earnings per Read More →
Calavo shares rally on record Q2 profits
Agribusiness, Banking & Finance, East Ventura County, Tri-County Economy, Tri-County Public CompaniesShares of produce marketer Calavo Growers surged more than 7 percent in midday trading on Monday as the firm’s second-quarter profits surged 205 percent to $6.7 million, setting a quarterly earnings record.