FT. MYERS, Fla. (AP) — FT. MYERS, Fla. (AP) — AliCo. (ALCO) on Monday reported a fiscal fourth-quarter loss of $18.1 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Ft. Myers, Florida-based company said it had a loss of $2.38. Earnings, adjusted for non-recurring costs and stock option expense, came to 19 cents per share.
The agribusiness and land management company posted revenue of $935,000 in the period.
For the year, the company reported profit of $7 million, or 91 cents per share. Revenue was reported as $46.6 million.
Alico shares have decreased nearly 8% since the beginning of the year. The stock has dropped 4% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALCO at https://www.zacks.com/ap/ALCO
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