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Food verification firm WFCF reports Q1 earnings rise, stock up despite beef sector challenges.
Where Food Comes From (WFCF), a NASDAQ-listed food verification company, reported Q1 earnings with $0.13 per share and a 19.58% return on equity.
The company's stock reached $12.38, up $0.15 during midday trading.
Despite flat Q4 revenue and challenges in the beef sector, WFCF's full-year revenue rose 2% to $25.7 million, with a net income of $2.1 million.
The company aims to return value to shareholders through buybacks and new program investments.
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La empresa de verificación alimentaria WFCF informa de un aumento de los ingresos del primer trimestre, a pesar de los desafíos del sector de la carne de vacuno.