LMNR - On The Market Citrus Fruits Company Limoneira Beats On Q4 Revenue & Posts EPS In-Line: Details | Benzinga
Limoneira Co (NASDAQ: LMNR) reported a Q4 FY23 revenue increase of 4% to $41.4 million, beating the consensus of $37.8 million.
Agribusiness revenue rose to $40.1 million from $38.2 million a year ago. in the quarter.
In Q4, the company sold around 550,000 cartons of U.S. packed fresh lemons at a $20.39 average price per carton.
Also, brokered lemons and other lemon sales stood at $14.4 million in the quarter. The company witnessed no avocado revenue in the quarter.
LMNR reported an operating loss of $(9.7) million vs. a loss of $(1.9) million a year ago due to higher costs and expenses.
Adjusted EBITDA loss came in ...