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DAILY EARNINGS

Advaxis Net Loss Widens, Limoneira Net Plunges


Author: Mukesh Buch
ticker.com
Last Update: 5:57 AM EDT September 12 2017

11:45 PM New York Advaxis third-quarter net loss in the quarter widened to $33 million. Investors Real Estate Trust first-quarter net loss narrowed to $14 million. Layne Christensen second-quarter net loss narrowed to $5 million. Limoneira third-quarter net tumbled 27% to $8 million.

Tollbooth Index advanced 37.97 or 0.3% to 12,563.74.

Earnings Review

Investors Real Estate Trust (IRET), the diversified real estate developer said revenues in the first-quarter ending in July rose 6.3% from a year ago to $52.7 million.

Net loss in the quarter narrowed to $13.6 million or 11 cents per diluted share from $24.5 million or 20 cents in the same quarter last year.

Layne Christensen Company (LAYN), the water drilling services provider stated revenues in the second-quarter ending in July increased 2.1% from a year ago to $126.2 million.

Net loss in the quarter narrowed to $4.9 million or 25 cents per diluted share from $5.3 million or 26 cents in the same quarter last year.

Limoneira Company (LMNR), the lemon producer and real estate developer said revenues in the third-quarter ending in July rose 1.3% from a year ago to $40.4 million.

Net income in the quarter tumbled 27.4% to $7.7 million or 52 cents per diluted share from $10.6 million or 71 cents in the same quarter last year.

The lemon producer forecasted fiscal 2017 diluted earnings per share in the range of 51 cents to 55 cents and operating income between $14.7 million and $15.2 million.

Limoneira lowered fiscal 2017 sales of fresh lemons cartons to between 3.1 million and 3.3 million from the earlier estimated range of 3.1 million to 3.5 million.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc