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Why Calavo Growers Stock Tumbled Today

TheMotleyFool

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Why Calavo Growers Stock Tumbled Today: https://g.foolcdn.com/editorial/images/713869/breakfast-salad-eggs-avocado-meals.jpg

Shares of Calavo Growers (NASDAQ: CVGW) were taking a dive today after the avocado grower badly missed estimates in its fourth-quarter earnings report.

As of 10:51 a.m. ET, the stock was down 14.2% on the news.

Revenue in the quarter declined 11% to $243.6 million, which badly missed estimates at $298 million as the company was hit by falling avocado prices, which declined 20% as volumes also fell 4%.

Source Fool.com

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