Village Farms Reports Q3 Earnings Beat on EPS and Revenue
Village Farms International, Inc. (VFF) reported third-quarter financial results that exceeded analyst expectations for both earnings per share and total revenue. The company posted a GAAP EPS of $0.08, surpassing estimates by $0.03, while revenue reached $66.9 million, representing a 0.3% increase year-over-year and beating projections by $2.53 million. Following the announcement, shares saw a modest uptick of 1.4% in after-market trading. The results come amid broader discussions regarding the company's valuation and record levels of international cannabis revenue, despite recent legislative developments in Massachusetts concerning recreational marijuana laws.
Tickers: $VFF