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Village Farms: Q4 Earnings Snapshot

March 16, 2021 GMT

DELTA BRITISH COLUMBIA, Canada (AP) _ Village Farms International Inc. (VFF) on Tuesday reported fourth-quarter net income of $7 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Delta British Columbia, Canada-based company said it had profit of 11 cents.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.

The greenhouse operator posted revenue of $47.4 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $43 million.

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For the year, the company reported profit of $11.6 million, or 19 cents per share. Revenue was reported as $170.1 million.

Village Farms shares have climbed 72% since the beginning of the year. The stock has increased fivefold in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VFF at https://www.zacks.com/ap/VFF