FT. MYERS, Fla. (AP) — FT. MYERS, Fla. (AP) — AliCo. (ALCO) on Monday reported a loss of $15.8 million in its fiscal second quarter.
The Ft. Myers, Florida-based company said it had a loss of $2.07 per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 26 cents per share.
The agribusiness and land management company posted revenue of $18.1 million in the period.
Alico shares have fallen 1% since the beginning of the year. In the final minutes of trading on Monday, shares hit $28.73, an increase of 26% in the last 12 months.
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