Recap: Alico Q2 Earnings

Alico ALCO reported its Q2 earnings results on Thursday, May 4, 2023 at 06:40 AM.

Here's what investors need to know about the announcement.

Alico missed estimated earnings by 1346.15%, reporting an EPS of $-1.62 versus an estimate of $0.13.

Revenue was down $28.35 million from the same period last year.

Last quarter the company missed on EPS by $0.53 which was followed by a 1.09% increase in the share price the next day.

Here's a look at Alico's past performance:

Quarter	Q1 2023	Q4 2022	Q3 2022	Q2 2022
EPS Estimate	-0.31	-0.25	0.06	0.01
EPS Actual	-0.84	0.17	-0.21	0.06
Revenue Estimate	8.10M	1.90M	28.90M	51.40M
Revenue Actual	10.59M	1.03M	25.94M	49.64M

To track all earnings releases for Alico visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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