Limoneira reports Q2 adjusted EPS (17c), two estimates (1c)

Reports Q2 revenue $35.1M, two estimates $38.7M. Harold Edwards, President and Chief Executive Officer of the Company, stated, “The oversupplied lemon market created pricing pressure in our second quarter, yet we delivered strong results across our other business lines. Our avocado operations benefited from robust pricing that continued throughout the quarter, and we expect strong results in the third quarter when the majority of our harvest occurs. Our real estate development project, Harvest at Limoneira (LMNR), maintained strong home sales velocity, which could potentially accelerate the timing of Phase 3, and we remain on track to close two additional water monetization transactions this fiscal year.”