Avocado Grower Calavo Posts Q4 Loss

The company reported that its full-year loss narrowed to $6.2 million.

I Stock 1177150352

SANTA PAULA, Calif. (AP) β€” Calavo Growers Inc. on Tuesday reported a loss of $3.3 million in its fiscal fourth quarter.

The California-based company said it had a loss of 19 cents per share. Earnings, adjusted for non-recurring costs, were 3 cents per share.

The avocado grower posted revenue of $243.6 million in the period.

For the year, the company reported that its loss narrowed to $6.2 million, or 35 cents per share. Revenue was reported as $1.19 billion.

Shares of Calavo fell $4.87 to $29 in Wednesday trading.

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