1Q 2024: Limoneira reports a US$3.71m net loss, down from a US$15.3m profit in 1Q 2023.

Limoneira (NASDAQ:LMNR) reports a 1Q 2024 net loss of US$3.71m, down from US$15.3m profit in 1Q 2023. EPS loss of US$0.21, down from US$0.87 profit. Revenue missed estimates by 2.1%, while EPS exceeded by 22%. Revenue forecasted to grow 9.4% p.a. on average over 2 years, higher than US Food industry growth forecast.