Delay in desert harvest decreases Limoneira’s expected earnings by more than 20 percent
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Staff Report
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Thursday, December 20th, 2018 /
Comments Off on Delay in desert harvest decreases Limoneira’s expected earnings by more than 20 percent
Rains in Arizona delayed lemon harvests and low wine grape yields for Limoneira caused the Santa Paula agribusiness to temper its full-year guidance ahead of earnings. Shares for the company joined in on the market downturn Dec. 20 after the announcement, which decreased earnings forecasts by more than 20 percent to around 50 cents per…
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