AliCo Reports Q1 Loss
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. Per share, the Ft. Myers, Florida-based company said it had a loss of $1.20. Excluding stock option expenses, adjusted losses were $1.19 per share.
The agribusiness and land management company posted revenue of $16.9 million in the period. Alico shares have risen 16% since the beginning of the year. In Wednesday's final trading session, shares fell 0.5% to close at $30.15 over the past 12 months.