Limoneira Q4 EPS $(0.15), Inline, Sales $41.43M Beat $37.82M Estimate
Portfolio Pulse from Benzinga Newsdesk
Limoneira (NASDAQ:LMNR) reported Q4 earnings with EPS of $(0.15), which was in line with analyst estimates, and a 53.13% improvement from the $(0.32) per share loss in the same quarter last year. Sales for the quarter were $41.43 million, surpassing the consensus estimate of $37.82 million by 9.55% and marking a 4.48% increase from the previous year's sales of $39.66 million.
December 21, 2023 | 9:04 pm
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POSITIVE IMPACT
Limoneira reported a narrower loss per share and higher sales than expected in Q4, showing significant improvement from the previous year.
Meeting EPS estimates and exceeding sales forecasts typically generate a positive market response. The significant improvement in year-over-year performance may boost investor confidence in Limoneira's growth trajectory, potentially leading to a short-term uptick in the stock price.
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