Avocado/tomato distributor Calavo Growers (CVGW -2.7%) heads lower after reporting FQ1 revenue...

|About: Calavo Growers, Inc. (CVGW)|By:, SA News Editor

Avocado/tomato distributor Calavo Growers (CVGW -2.7%) heads lower after reporting FQ1 revenue of $117.4M (+29% Y/Y) and EPS of $0.18, missing Street estimates by $11.2M and $0.06. The company blames soft tomato volumes for the shortfall. Calavo expects FY12 EPS to exceed its historical record of $1.22, but given the consensus forecast stands at $1.64, more seems to be expected. (PR)