Limoneira Q3 Profit Declines; Cuts FY15 EPS Outlook

(RTTNews) - Limoneira Company (LMNR) posted third-quarter net income applicable to common stock of $5.2 million or $0.36 per share, down from $8.8 million or $0.61 per share in the comparable quarter last year.

On average, analysts polled by Thomson Reuters expected the company to earn $0.43 per share. Analysts' estimates typically exclude special items.

Total revenues for the latest third quarter declined to $29.81 million from $36.48 million in the prior year, while three analysts had consensus revenue estimate of $26.05 million for the quarter.

For fiscal 2015, the company now expects earnings to be in the range of $0.28 to $0.32 per share, down from its previous range of $0.36 to $0.40 per share. Analysts expect fiscal 2015 earnings of $0.38 per share.