Limoneira Loss Widens

(RTTNews) - Limoneira Co (LMNR) on Monday reported fourth-quarter net loss of $3 million or $0.21 per share compared with a loss of $1.1 million or $0.08 per share last year.

Revenues for the quarter were $16.3 million compared with $14.3 million in the prior year.

Analysts polled by Thomson Reuters estimated a loss of $0.07 per share on revenues of $15.4 million for the quarter. Analysts' estimates typically exclude special items.

Expenses for the quarter were $20.8 million compared with $15.9 million last year.

For the full year 2015, the company expects earnings of $0.42 to $0.46 per share, while analysts expect $0.63 per share.

Limoneira is an agribusiness with agricultural land and operations, real estate and water rights in California and Arizona.