Calavo Growers Stock Climbs After Q3 Results, Dividend Increase: Details
Portfolio Pulse from Erica Kollmann
Calavo Growers, Inc. (NASDAQ:CVGW) shares rose after reporting strong Q3 earnings, beating analyst expectations. The company also announced a dividend increase, reflecting confidence in its avocado business despite supply disruptions.
September 09, 2024 | 9:04 pm
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Calavo Growers reported strong Q3 earnings, surpassing analyst expectations with EPS of 57 cents and sales of $179.6 million. The company increased its dividend by 10 cents, signaling confidence in its business despite supply challenges.
The strong earnings report and dividend increase are positive signals for investors, indicating robust business performance and confidence in future growth. The stock's after-hours rise reflects investor optimism.
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