Limoneira Company (LMNR) has announced a reduction in its losses for the fourth quarter compared to the same period in the previous year. The company reported a loss of $1.98 million, translating to a loss of $0.11 per share. This reflects an improvement from the prior year's fourth-quarter loss of $3.58 million, or $0.20 per share.
After adjusting for certain items, Limoneira Company’s adjusted earnings stood at a loss of $0.09 per share for this quarter. Meanwhile, the company's revenue saw an increase of 5.9%, reaching $43.86 million, compared to $41.43 million in the same quarter last year.
A summary of Limoneira Company's fourth-quarter performance based on GAAP is as follows:
- Net Loss: $1.98 million, down from $3.58 million in the previous year.
- Loss Per Share: $0.11, compared to $0.20 last year.
- Revenue: Improved to $43.86 million from $41.43 million last year.
