Limoneira Q2 Profit Declines

(RTTNews) - Limoneira Company (LMNR) posted second-quarter net income applicable to common stock of $2.0 million or $0.15 per share, compared to $2.4 million or $0.19 per share in the year-ago period.

Total revenues for the latest second quarter rose to $24.80 million from $23.29 million last year.

On average, two analysts polled by Thomson Reuters expected the company to earn $0.12 per share on revenues of $25.25 million. Analysts' estimates typically exclude special items.

The company expects fiscal year 2014 earnings per share to be in the range of $0.45 to $0.50. Analysts currently expect fiscal year 2014 earnings of $0.35 per share.