Alico: Overview of Fiscal First Quarter Earnings

Alico Inc. Reports First Quarter Financial Results

Alico Inc., headquartered in Fort Myers, Florida, announced a net loss of $3.5 million for its fiscal first quarter.

The company reported a loss of $0.45 per share. When excluding one-time gains, the adjusted loss was $0.96 per share.

During this quarter, the agribusiness and land management firm generated $1.9 million in revenue.

Since the start of the year, Alico's stock price has increased by 13%. As of the close of trading on Wednesday, shares were valued at $40.97, reflecting a 34% gain over the past year.