Alico (ALCO) Reports Q3 Loss, Misses Revenue Estimates

Alico (ALCO) came out with a quarterly loss of $2.39 per share versus the Zacks Consensus Estimate of a loss of $1.09. This compares to a loss of $0.27 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -119.27%. A quarter ago, it was expected that this agribusiness and land management company would post a loss of $0.36 per share when it actually produced a loss of $10.98, delivering a surprise of -2950%.Over the last four quarte ...