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Alico posts 2Q profit

FT. MYERS, Fla. (AP) _ AliCo. (ALCO) on Monday reported fiscal second-quarter earnings of $5.8 million.

On a per-share basis, the Ft. Myers, Florida-based company said it had profit of 70 cents. Earnings, adjusted for one-time gains and costs, came to 65 cents per share.

The agribusiness and land management company posted revenue of $56.2 million in the period.

Alico shares have climbed 11 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $30.25, an increase of 11 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALCO at https://www.zacks.com/ap/ALCO


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