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0.0273972602739726 0.0273972602739726 0.0273972602739726 0.0273972602739726 0.0146771037181996 0.0146771037181996 0.0332681017612525 0.0332681017612525
Stockreport

Alico, Inc. Announces Financial Results for the First Quarter Ended December 31, 2017

ALICO (ALCO)  More Company Research Source: GlobeNewswire
US:NASDAQ Investor Relations: ir.stockpr.com/alicoinc/investor-home
PDF FORT MYERS, Fla., Feb. 06, 2018 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (NASDAQ:ALCO) today announces financial results for the first quarter ended December 31, 2017. For the quarter ended, the Company recorded net income of $8.7 million and earnings of $1.05 per diluted common share, compared to a net loss of $1.7 million and a loss of $0.21 per diluted common share in the prior year.  The increase in net income primarily resulted from a deferred tax benefit of $11.3 million recorded to adjust the Company's net deferred tax liabilities to the recently enacted 21% federal corporate tax rate. When both periods are adjusted for non-recurring items related to transaction costs, consulting fees, gains on sale of real estate and property and equipment, net deferred tax and other asset valuation adjustments and employee stock compensation expense, the Company incurred a loss of $0.42 per diluted common share in the first quarter ended December 31, 2017, compared to a lo [Read more]

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