date:Jan 15, 2014
Limoneira said that quarterly agribusiness revenue fell to $12.9 million from $13.6 million in the prior-year period mostly because of lower avocado volume and revenue. Rental operations revenue was flat, while real estate development revenue more than tripled to $316,000. Avocado revenue declined to $1.2 million from $3.3 million as the avocado harvest was completed earlier in fiscal 2013 than in the previous fiscal year.
Fourth-quarter lemon sales climbed to $9.5 million from $8.5 million on