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Article: Calavo Growers, Inc. Posts Higher Fiscal 2009 Third Quarter Results.(Company overview)(Financial report)

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Marketing Weekly News
Article date:
September 26, 2009
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Calavo Growers, Inc. (Nasdaq-GS:CVGW) reported that fiscal 2009 third quarter net income rose 77 percent over the corresponding period last year, paced by a nearly 10 percent increase in revenue. Double-digit fresh avocado sales growth and continued strong gross margins drove operating results, according to the company, the global leader in avocado marketing and an expanding provider of other perishable produce items.

For the three months ended July 31, 2009, net income advanced to $2.5 million, equal to $0.17 per diluted share, from $1.4 million, or $0.10 per diluted share, in the third quarter of fiscal 2008. Revenues in the most recent quarter climbed to ...

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