SANTA PAULA, Calif. (AP) _ Limoneira Co. (LMNR) on Tuesday reported a fiscal second-quarter loss of $4.9 million, after reporting a profit in the same period a year earlier.
The Santa Paula, California-based company said it had a loss of 29 cents per share. Losses, adjusted for non-recurring costs, came to 8 cents per share.
The agribusiness company posted revenue of $39.6 million in the period.
Limoneira shares have dropped 28% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $13.83, a fall of 28% in the last 12 months.