Calavo tops 3Q net income expectations, misses revenue forecasts

MarketsAssociated Press

Calavo Growers Inc. (CVGW) on Tuesday reported fiscal third-quarter earnings of $16 million.

On a per-share basis, the Santa Ana, California-based company said it had profit of $1.02. Earnings, adjusted for non-recurring gains, were 53 cents per share.

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The results exceeded Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.

The avocado grower posted revenue of $218.7 million in the period, which did not hit Street forecasts. Analysts expected $224 million, according to Zacks.

Calavo shares have climbed 28 percent since the beginning of the year. The stock has increased 42 percent in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. A stock research report on CVGW from Zacks is available at:


Keywords:Calavo,Earnings Report