Alico: Fiscal Q4 Earnings Snapshot

FT. MYERS, Fla. (AP) — FT. MYERS, Fla. (AP) — AliCo. (ALCO) on Monday reported a fiscal fourth-quarter loss of $18.1 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Ft. Myers, Florida-based company said it had a loss of $2.38. Earnings, adjusted for non-recurring costs and stock option expense, came to 19 cents per share.

The agribusiness and land management company posted revenue of $935,000 in the period.

For the year, the company reported profit of $7 million, or 91 cents per share. Revenue was reported as $46.6 million.

Alico shares have decreased nearly 8% since the beginning of the year. The stock has dropped 4% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALCO at https://www.zacks.com/ap/ALCO

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up