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Limoneira fiscal Q1 loss widens YOY

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Limoneira fiscal Q1 loss widens YOY

4910896 said its normalized net income for the fiscal first quarter ended Jan. 31 was a loss of 27 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 9 cents per share.

The per-share loss increased year over year from 9 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $3.8 million, compared with a loss of $1.3 million in the year-earlier period.

The normalized profit margin fell to negative 15.2% from negative 4.6% in the year-earlier period.

otal revenue fell 10.8% on an annual basis to $25.0 million from $28.0 million, and total operating expenses increased on an annual basis to $31.3 million from $30.5 million. Limoneira Co..