Alico (ALCO) delivered earnings and revenue surprises of 285.71% and 55.39%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
FORT MYERS, Fla., May 06, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico”, the “Company”, “we”, or “our”) (Nasdaq: ALCO) today announces financial results for the second quarter of fiscal year 2024 and the six months ended March 31, 2024, the highlights of which are as follows: Revenues of $32.1 million for the six months ended March 31, 2024 were relatively flat as compared to $31.9 million in the six months ended March 31, 2023.Net income attributable to Alico, Inc. common stockholders of $27.1
Limoneira (LMNR) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.