Village Farms: Q4 Earnings Snapshot
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.
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.