Overview
US food verification provider's Q1 revenue rose slightly yr/yr, driven by certification services
Net income and net income per share for Q1 increased, aided by lower selling, general and administrative expenses
Company repurchased 24,469 shares at a cost of $293,000 during the quarter
Outlook
Company expects to expand RaiseWell Certified program to poultry, eggs, dairy and pork
Result Drivers
CERTIFICATION SERVICES - Co said revenue growth was driven by increased verification and certification service revenue
Company press release: ID:nGNX7dxS
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$5.36 mln
Q1 EPS
$0.02
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)