Limoneira misses second quarter estimates but analysts reconfirm strong outlook for year
Santa Paula-based Limoneira reported drops in revenue and operating income for the second quarter of 2016 in an earnings report June 9. But analysts reconfirmed strong fiscal year 2016 and 2017 outlooks despite the quarter’s performance, due to favorable lemon pricing and expectations for the company’s real estate development segment. Limoneira’s recently expanded packing facility Read More →
Calavo Growers reports highest quarterly net income in company history
Calavo Growers had its highest quarterly net income and gross profits ever, the company announced in a second quarter earnings report June 6, with earnings per diluted share of 56 cents. That beat the average estimate of analysts surveyed by Zacks Investment Research, which was for earnings of 50 cents per share. The Santa Paula-based Read More →
Overtime rules could help California firms keep employees
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Settlement reasonable amid political pressure
Maybe there’s not a major Supreme Court decision lurking in every case that’s in the headlines. That’s our takeaway from the court’s order to litigants in Zubick vs. Burwell, a case involving nonprofits seeking an exemption from the Affordable Care Act’s mandate to provide coverage for contraception. Among those seeking relief was Thomas Aquinas College Read More →
Supreme Court clears way for religious organization workers to get free birth control
The U.S. Supreme Court announced May 16 that it would not rule on a case regarding religious organization workers’ access to free birth control. It is looking to lower courts to explore a compromise. The Zubik v. Burwell case discusses whether freedom is infringed by an Obama administration rule regarding contraceptive coverage under the Affordable Care Read More →
Industrial space vacancies remain low in Tri-Counties
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Limoneira opening South Africa branch
Santa Paula-based Limoneira announced April 10 that it is launching Limoneira South Africa, a new branch of its One World of Citrus model, and partnering with Re:inc to manage packing and sales. Limoneira South Africa, based in Paarl, South Africa, will ship area produce globally and “pursue joint venture farming and packing operations,” Alex Teague, Read More →
