FT. MYERS, Fla. (AP) — FT. MYERS, Fla. (AP) — AliCo. (ALCO) on Wednesday reported a fiscal first-quarter loss of $9.2 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 $1.20. Losses, adjusted for stock option expense, were $1.19 per share.
The agribusiness and land management company posted revenue of $16.9 million in the period.
Alico shares have increased 16% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $30.15, a drop of 0.5% in the last 12 months.
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