CVGW - Calavo Growers Inc

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  1. StockJock-e

    StockJock-e Brew Master
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    Calavo Growers, Inc. markets, and distributes avocados, prepared avocados, and other perishable foods to food distributors, produce wholesalers, supermarkets, convenience stores, and restaurants worldwide. It operates in three segments: Fresh Products, Calavo Foods, and RFG. The Fresh products segment distributes avocados and other fresh produce products; and procures avocados grown in Mexico, as well as various other commodities, including tomatoes, papayas, and pineapples. The Calavo Foods segment is involved in purchasing, manufacturing, and distributing prepared products, including guacamole, tortilla chips, and salsa. The RFG segment produces, markets, and distributes fresh-cut fruits, ready-to-eat vegetables, recipe-ready vegetables, and deli products. The company offers its products primarily under the Calavo and RFG brands, and related logos; and Avo Fresco, Bueno, Calavo Gold, Calavo Salsa Lisa, Salsa Lisa, Celebrate the Taste, El Dorado, Fresh Ripe, Select, Taste of Paradise, The First Name in Avocados, Tico, Mfresh, Maui Fresh International, Triggered Avocados, ProRipeVIP, Garden Highway Fresh Cut, Garden Highway, and Garden Highway Chef Essentials trademarks. Calavo Growers, Inc. was founded in 1924 and is headquartered in Santa Paula, California.

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  2. StockJock-e

    StockJock-e Brew Master
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    Moving on news this morning

    SANTA PAULA, Calif. (AP) _ Calavo Growers Inc. (CVGW) on Wednesday reported fiscal third-quarter earnings of $12.7 million.

    The Santa Paula, California-based company said it had profit of 73 cents per share.

    The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.

    The avocado grower posted revenue of $263.1 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $247.9 million.

    Calavo shares have climbed 21 percent since the beginning of the year. The stock has increased 23 percent in the last 12 months.
     

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