Limoneira reports Q3 adjusted EPS 2c, two estimates 5c

Reports Q3 revenue $47.5M, two estimates $50.11M. Harold Edwards, President and Chief Executive Officer of the Company, stated, “We continue to make strides in unlocking long-term value in our two-part value creation strategy: agriculture production and land and water monetization. Regarding our agriculture production, the lemon market continued to face pricing pressure during the first two months of the third quarter and our fresh utilization was lower due to holding lemons in storage longer to capture higher prices during the final month of the quarter. Avocado pricing and volume were on plan, and we expect to achieve volume goals for both lemons and avocados in fiscal 2025.”