Expected to report its first quarter 2018 financial results on Monday, May 14, 2018 after markets close, shares of Village Farms International, Inc. (TSX:VFF) (OTC:VFFIF) are surging today.
Trading activity leading up to an earnings release can be indicative of investor sentiment, and is an important signal to watch. Opening the day at $5.25 CAD, shares of VFF on the TSX are up to $5.58 CAD per share, just off of its $5.69 CAD intraday high.
Earnings announcements are important because they typically only happen a few times per year and can offer increased volatility, liquidity, and opportunity. If a company beats its earnings expectations, its share price will usually increase after the information is released. If a company misses earnings or reports steep losses however, its share price will usually decrease after the information is released.
While Village Farms will be reporting its earnings on Monday, it will host a conference call to discuss its first quarter 2018 financial results, as well as provide an update on its cannabis joint venture in Canada, Pure Sunfarms, on Tuesday, May 15, 2018.
The call will take place at 11:00 A.M. EST, and can be accessed by telephone by dialing 1-647-427-7450 or 1-888-231-8191, or via the Internet at http://bit.ly/2p3jsyq.
For those unable to participate in the conference call at the scheduled time, it will be archived for replay both by telephone and via the Internet beginning approximately one hour following completion of the call. To access the archived conference call by telephone, dial 1-416-849-0833 or 1-855-859-2056 and enter the passcode 9885703 followed by the pound key. The telephone replay will be available until Tuesday, May 22, 2018 at midnight EST. The conference call will also be archived on Village Farm's web site at http://villagefarms.com/investor-relations/investor-calls.
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