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Stock impact report

Where Food Comes From Stock Declines Since Reporting Mixed Q3 Results [Yahoo! Finance]

Where Food Comes From, Inc. (WFCF) 
Company Research Source: Yahoo! Finance
This compares to the S&P 500 index's 0.03% decline over the same time frame. Over the past month, the stock has lost 2.5% versus the S&P 500's 3.3% decline. The company reported third-quarter 2024 diluted earnings per share of 9 cents, down 30.8% from 13 cents in the year-ago quarter. For the quarter ended Sept. 30, 2024, WFCF reported total revenues of $7.1 million, up 1% from $7 million in the prior-year period. The revenue mix included a 2% increase in verification and certification services, and a 9% rise in product revenues, offset by a decline in professional services' revenues. Verification & Certification Segment: This segment's revenue grew 2% year over year to $5.5 million, supported by rising consumer demand for food verification across multiple categories. However, growth was tempered by challenges in the beef verification market, wherein herd contraction impacted revenues tied to per-head pricing. Product Revenue: The segment saw a 9% year-over-year increase to $1 Show less Read more
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