Calavo Growers, Inc. (NASDAQ: CVGW) Fourth-Quarter Earnings Overview

Calavo Growers reported earnings per share of $0.25 and revenue of approximately $124.7 million in the fourth quarter, missing analyst expectations.The company experienced a 191% increase in net income from continuing operations for the full year, with adjusted net income rising by 42% and adjusted EBITDA increasing by 12%.Strategic partnership with Mission Produce, Inc. aimed at enhancing market position, alongside an upgrade from Citigroup analyst Patrick Cunningham from Neutral to Buy, raising the price ...