Limoneira earnings show tough second quarter amid bumper crop

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Limoneira earnings show tough second quarter amid bumper crop

By Staff Report / Monday, June 10th, 2019 / Comments Off on Limoneira earnings show tough second quarter amid bumper crop

Santa Paula citrus packing company Limoneira reported a steep drop in net income in the second quarter to $2.8 million, as an oversupplied market for large lemons put pressure on prices. The June 10 results compared to record lemon sales in the previous second quarter that delivered $6.6 million in net income. Revenue fell 2.5…

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