DELTA , Canada (AP) — DELTA, Canada (AP) — Village Farms International Inc. (VFF) on Thursday reported a loss of $49.3 million in its fourth quarter.
On a per-share basis, the Delta, Canada-based company said it had a loss of 54 cents. Losses, adjusted for pretax expenses and asset impairment costs, were 6 cents per share.
The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for a loss of 6 cents per share.
The greenhouse operator posted revenue of $69.5 million in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $71.1 million.
For the year, the company reported a loss of $101.1 million, or $1.13 per share. Revenue was reported as $293.6 million.
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