AP NEWS

Calavo: Fiscal 4Q Earnings Snapshot

December 20, 2018

SANTA PAULA, Calif. (AP) _ Calavo Growers Inc. (CVGW) on Thursday reported a fiscal fourth-quarter loss of $1.3 million, after reporting a profit in the same period a year earlier.

The Santa Paula, California-based company said it had a loss of 8 cents per share. Earnings, adjusted for one-time gains and costs, were 29 cents per share.

The avocado grower posted revenue of $280 million in the period.

For the year, the company reported profit of $32.3 million, or $1.84 per share. Revenue was reported as $1.09 billion.

Calavo shares have fallen 11 percent since the beginning of the year. The stock has declined 3 percent in the last 12 months.

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

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