Limoneira Company reported earnings results for the third quarter and nine months ended July 31, 2023. For the third quarter, the company reported revenue was USD 52.5 million compared to USD 58.92 million a year ago. Net loss was USD 1.16 million compared to net income of USD 7.38 million a year ago. Basic loss per share from continuing operations was USD 0.07 compared to basic earnings per share from continuing operations of USD 0.41 a year ago. Diluted loss per share from continuing operations was USD 0.07 compared to diluted earnings per share from continuing operations of USD 0.4 a year ago.
For the nine months, revenue was USD 138.47 million compared to USD 144.95 million a year ago. Net income was USD 12.86 million compared to USD 2.42 million a year ago. Basic earnings per share from continuing operations was USD 0.7 compared to USD 0.11 a year ago. Diluted earnings per share from continuing operations was USD 0.69 compared to USD 0.11 a year ago.