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Benzinga

Business

Henry Khederian

Why Limoneira Company Shares Are Rising Today

Limoneira LMNR Nasdaq

Limoneira Company (NASDAQ:LMNR) shares are trading higher after the company reported better-than-expected second-quarter EPS results.

Limoneira reported quarterly earnings of 10 cents per share which beat the analyst consensus estimate of 7 cents by 42.86 percent. This is unchanged from the same period last year. The company also reported quarterly sales of $46.75 million which missed the analyst consensus estimate of $48.32 million by 3%. This is a 3.6% increase over sales of $45.13 million in the same period last year.

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