Investing.com - Limoneira reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Limoneira announced earnings per share of $0.41 on revenue of $58.92M. Analysts polled by Investing.com anticipated EPS of $0.235 on revenue of $51.39M.
Limoneira shares are down 17% from the beginning of the year, still down 27.83% from its 52 week high of $16.71 set on November 5, 2021. They are outperforming the Nasdaq which is down 24.18% from the start of the year.
Limoneira follows other major Consumer Staples sector earnings this month
Limoneira's report follows an earnings beat by Walmart on August 16, who reported EPS of $1.77 on revenue of $152.86B, compared to forecasts EPS of $1.62 on revenue of $150.99B.
Estee Lauder had beat expectations on August 18 with fourth quarter EPS of $0.42 on revenue of $3.56B, compared to forecast for EPS of $0.3219 on revenue of $3.42B.
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