FT. MYERS, Fla. (AP) — FT. MYERS, Fla. (AP) — AliCo. (ALCO) on Wednesday reported a loss of $3.5 million in its fiscal first quarter.
On a per-share basis, the Ft. Myers, Florida-based company said it had a loss of 45 cents. Losses, adjusted for non-recurring gains, came to 96 cents per share.
The agribusiness and land management company posted revenue of $1.9 million in the period.
Alico shares have climbed 13% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $40.97, a rise of 34% in the last 12 months.
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