Shares of This Citrus Grower Are Surging Despite a Challenging Year: Is a Turnaround in Sight?
After several quarters of weather-impacted results, is Santa Paula, California-based agribusiness Limoneira (NASDAQ: LMNR) about to turn the corner? The company's fourth quarter of fiscal 2019 was notable for a wide leap in revenue tempered by lower lemon prices. But management sees rejuvenated earnings prospects in the new fiscal year, and shareholders are also expressing confidence, as shares rose both before and following Limoneira's earnings report released Monday after the close of trading.
Below, as we review the quarter, note that all comparative numbers are presented against those of the prior-year quarter.
Data source: Limoneira. EPS = earnings per share.
Source Fool.com
