DELTA, Canada (AP) — DELTA, Canada (AP) — Village Farms International Inc. (VFF) on Wednesday reported a loss of $22.5 million in its fourth quarter.
On a per-share basis, the Delta, Canada-based company said it had a loss of 20 cents. Losses, adjusted for asset impairment costs, were 8 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The greenhouse operator posted revenue of $74.2 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $70 million.
For the year, the company reported a loss of $31.8 million, or 29 cents per share. Revenue was reported as $285.6 million.
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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