Limoneira, Calavo Growers report drop in net income

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Limoneira, Calavo Growers report drop in net income

By Staff Report / Monday, September 9th, 2019 / Comments Off on Limoneira, Calavo Growers report drop in net income

Santa Paula-based citrus grower and distributor Limoneira announced a 29 percent increase in revenue despite difficulties selling a crop of larger-than-expected lemons in the third quarter, but shares fell 4 percent Sept. 9 as net income dropped into the negative. The company reported a $1.1 million net loss for the quarter ended July 31, or…

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