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http://www.latimes.com/business/la-fi-rup11.10feb11,1,6409690.story?coll=la-headlines-business

IN BRIEF / EARNINGS

Farmer Bros. Coffee Reports a Loss

Jerry Hirsch

February 11, 2005

Commercial coffee roaster Farmer Bros. Co. said that it lost $4 million, or 30 cents a share, in its fiscal second quarter ended Dec. 31, contrasted with a profit of $2.57 million, or 15 cents, in the same quarter a year earlier.

The Torrance-based company blamed the loss on increases in unroasted coffee bean prices, which caused a drop in the value of futures and options used by the company to shield itself from volatile commodity prices.

Farmer Bros. said its revenue of $51 million for the quarter was essentially unchanged from the prior year. Shares in the company fell 63 cents to close at $24.58 on Nasdaq after news of the loss.

 

The Forum is open to all Farmer Bros. shareholders, whether institutional or individual, and to professionals concerned with their investment decisions.  Its purpose is to provide shareholders with access to information and a free exchange of views on issues relating to their evaluations of alternatives.  As stated in the Forum's Conditions of Participation, participants are expected to make independent use of information obtained through the Forum, subject to the privacy rights of other participants.  It is a Forum rule that participants will not be identified or quoted without their explicit permission.

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