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Stock impact report

Alico, Inc. Announces Financial Results for the Third Quarter and Nine Months Ended June 30, 2019

Alico, Inc (ALCO)  More Company Research Source: GlobeNewswire
US:NASDAQ Investor Relations: ir.stockpr.com/alicoinc/investor-home
PDF Alico achieves earnings of $2.85 per diluted common share for the nine months ended June 30, 2019 FORT MYERS, Fla., Aug. 06, 2019 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq:ALCO) today announces financial results for the third quarter and nine months ended June 30, 2019. For the nine months ended June 30, 2019, the Company recorded net income attributable to Alico common stockholders of $21.3 million and earnings of $2.85 per diluted common share, compared to net income attributable to Alico common stockholders of $12.3 million and earnings of $1.48 per diluted common share in the same period in the prior year. The increase in net income attributable to Alico common stockholders is primarily due to increased processed box production in the current fiscal year, as compared to the prior fiscal year, and the impact of a valuation allowance resulting in tax expense for the nine months ended June 30, 2018. Partially offsetting this increase is (i) an increase in [Read more]
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