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Landec Corp (LNDC.OQ)

LNDC.OQ on NASDAQ Stock Exchange Global Select Market

13.65USD
25 Apr 2018
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Latest Key Developments (Source: Significant Developments)

Landec Corp Reports Q3 EPS Of $0.58
Tuesday, 3 Apr 2018 

April 3 (Reuters) - Landec Corp ::LANDEC CORPORATION REPORTS THIRD QUARTER AND FIRST NINE MONTHS FISCAL 2018 RESULTS.SEES Q4 EARNINGS PER SHARE $0.20 TO $0.22 FROM CONTINUING OPERATIONS.Q3 EARNINGS PER SHARE $0.58.Q3 EARNINGS PER SHARE VIEW $0.09 -- THOMSON REUTERS I/B/E/S.QTRLY ‍REVENUES INCREASED 9% TO $149.3 MILLION​.LANDEC SEES FY 2018 REVENUE UP 10 PERCENT TO 12 PERCENT .LANDEC SEES FISCAL 2018 EARNINGS PER SHARE FROM CONTINUING OPERATIONS EX. ITEMS $0.40 TO $0.42.SEES ‍Q4 2018 REVENUES FROM CONTINUING OPERATIONS, WHICH EXCLUDE FOOD EXPORT BUSINESS, TO INCREASE 13% TO 16% VERSUS LAST YEAR​.2018 EPS OUTLOOK EXCLUDES FAVORABLE $0.49 EARNINGS PER SHARE FROM ONE-TIME TAX BENEFIT IN FISCAL 2018.SEES 2018 CONSOLIDATED CASH FLOW FROM OPERATIONS OF $28 MILLION TO $32 MILLION, CAPITAL EXPENDITURES OF $30 MILLION TO $34 MILLION​.  Full Article

Landec Corp To Discontinue Operations Of Its Food Export Trading Business Unit At End Of Fiscal 2018
Wednesday, 28 Feb 2018 

Feb 28 (Reuters) - Landec Corp ::ORATION ANNOUNCES DISCONTINUATION OF FOOD EXPORT BUSINESS CONSISTENT WITH MARGIN ENHANCEMENT INITIATIVE AND UPDATES THIRD QUARTER FY18 INCOME TAX BENEFIT AND GUIDANCE.SEES CONSOLIDATED REVENUES FROM CONTINUING OPERATIONS FOR ALL OF FISCAL YEAR 2018 WILL INCREASE ABOUT 9% TO 11%.LANDEC - IN FISCAL Q3, WILL RECOGNIZE ONE-TIME NON-RECURRING INCOME TAX BENEFIT.TO DISCONTINUE OPERATIONS OF ITS FOOD EXPORT TRADING BUSINESS SEGMENT AT END OF FISCAL 2018.DURING Q3 OF FISCAL 2018 EXPECT CONSOLIDATED REVENUES OF $146 MILLION TO $148 MILLION.DURING Q3 OF FISCAL 2018 EXPECT EARNINGS PER SHARE OF $0.54 TO $0.59.Q3 REVENUE VIEW $142.8 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Landec Reports Q2 Earnings Per Share Of $0.02
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - Landec Corp ::ORATION REPORTS SECOND QUARTER AND FIRST HALF FISCAL 2018 RESULTS.Q2 EARNINGS PER SHARE $0.02.Q2 EARNINGS PER SHARE VIEW $0.01 -- THOMSON REUTERS I/B/E/S.SEES Q3 2018 EARNINGS PER SHARE $0.14 TO $0.16.SEES FY 2018 REVENUE UP 2 TO 4 PERCENT.SEES Q3 2018 REVENUE $140 MILLION TO $145 MILLION.- REITERATING REVENUE AND NET INCOME GUIDANCE FOR FISCAL 2018.  Full Article

Landec Corp Sees Q2 2018 Revenue $135 Mln TO $140 Mln
Wednesday, 29 Nov 2017 

Nov 29 (Reuters) - Landec Corp ::ORATION REITERATES FISCAL YEAR 2018 EPS GUIDANCE AND LOWERS SECOND QUARTER EPS GUIDANCE DUE TO IMPACT FROM EXTREME WEATHER EVENTS.SEES Q2 2018 REVENUE $135 MILLION TO $140 MILLION.- LOWERING ITS Q2 EARNINGS PER SHARE FROM PRIOR GUIDANCE OF $0.06 TO $0.08 PER SHARE DOWN TO A NEW RANGE OF $0.01 TO $0.03.- MOST SIGNIFICANT IMPACT DURING QUARTER WAS ON SUPPLY, QUALITY OF GREEN BEANS LEADING TO EXCESSIVE GREEN BEAN SHORTAGES THROUGHOUT INDUSTRY.LANDEC - ‍REVISED EPS GUIDANCE FOR Q2, RESULT OF LARGER THAN EXPECTED IMPACT ON SUPPLY AND QUALITY OF PRODUCE AT APIO FROM HURRICANES,TROPICAL STORMS​.Q2 EARNINGS PER SHARE VIEW $0.07, REVENUE VIEW $136.5 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Landec Corp Q1 earnings per share $0.08
Tuesday, 26 Sep 2017 

Sept 26 (Reuters) - Landec Corp :Landec Corporation reports fiscal first quarter 2018 results.Sees Q2 2018 earnings per share $0.06 to $0.08.Q1 earnings per share $0.08.Sees Q2 2018 revenue $135 million to $140 million.Q1 revenue $123.4 million versus I/B/E/S view $123 million.Q1 earnings per share view $0.06 -- Thomson Reuters I/B/E/S.Sees FY 2018 revenue up 2 to 4 percent.Landec Corp - ‍reiterating our fiscal 2018 guidance​.Q2 earnings per share view $0.10, revenue view $137.3 million -- Thomson Reuters I/B/E/S.FY2018 earnings per share view $0.55, revenue view $543.8 million -- Thomson Reuters I/B/E/S.  Full Article

Landec Corp provides update on impact from extreme weather events
Tuesday, 19 Sep 2017 

Sept 19 (Reuters) - Landec Corp :Landec Corporation provides update on impact from extreme weather events.Landec Corp - ‍ Landec does not believe that weather events will have a significant impact on its fiscal 2018 results​.  Full Article

Landec reports Q4 earnings per share $0.09
Tuesday, 25 Jul 2017 

July 25 (Reuters) - Landec Corp :Landec Corporation reports fourth quarter and fiscal 2017 results.Q4 revenue $127.4 million versus I/B/E/S view $135.5 million.Sees Q1 2018 earnings per share $0.05 to $0.07.Q4 earnings per share $0.09.Sees Q1 2018 revenue $120 million to $125 million.Q4 earnings per share view $0.09 -- Thomson Reuters I/B/E/S.Landec Corp - expect consolidated revenues to grow 2% to 4% in fiscal 2018.Landec Corp - ‍projecting consolidated net income to increase 35% to 55% in fiscal 2018 compared to fiscal 2017​.Landec Corp sees ‍fiscal 2018 earnings per share $0.52 to $0.58​.Sees capital expenditures of $44 million to $48 million in fiscal 2018.Q1 earnings per share view $0.17, revenue view $138.8 million -- Thomson Reuters I/B/E/S.FY2018 earnings per share view $0.77, revenue view $578.9 million -- Thomson Reuters I/B/E/S.  Full Article

Landec Corporation reports Q3 earnings per share $0.13
Tuesday, 4 Apr 2017 

Landec Corp : Landec Corporation reports third quarter and first nine months fiscal 2017 results . Q3 earnings per share $0.13 . Q3 earnings per share view $0.18 -- Thomson Reuters I/B/E/S . Sees FY 2017 earnings per share $0.38 to $0.40 . Sees Q4 earnings per share $0.09 to $0.11 . Landec Corp - reduction in original annual net income guidance is driven by legal settlement charge recorded during fiscal Q3 . Landec - reduction in annual net income guidance driven by impact of heavy rains in California since beginning of Jan are expected to have on Q4 results . Landec - rains in California damaged crops, impeded ability to plant fields during Jan, Feb which will result in shortages of vegetable crops during Q4 . Landec Corp - now expect revenues for fiscal 2017 to be flat compared to fiscal 2016 . Landec Corp - expect consolidated cash flow from operations of about $30 to $35 million and capital expenditures of about $20 to $25 million for fiscal 2017 .FY2017 earnings per share view $0.39, revenue view $539.3 million -- Thomson Reuters I/B/E/S.  Full Article

Landec Corp agrees to settle labor related legal actions and updates guidance
Tuesday, 28 Mar 2017 

Landec Corp - : Landec Corporation agrees to settle labor related legal actions and updates guidance . Sees q4 earnings per share $0.09 to $0.11 . Sees q4 revenue $134 million to $137 million . Reaffirms q3 2017 earnings per share view $0.16 to $0.19 . Sees q3 2017 revenue $133 million to $140 million . Subsidiary reached an agreement in principle to settle a variety of claims made against company and its labor contractor . During q3 ended february 26, 2017, apio will be recording an additional legal settlement charge of $2.1 million, or $0.05 per share after tax . For q3 of fiscal 2017, we are reiterating our revenue guidance of $133 million to $140 million . For q3 of fiscal 2017 reiterating our net income guidance of $0.16 to $0.19 per share, prior to $2.1 million additional legal settlement charge . Now expect our revenues in q4 to be $134 million to $137 million and net income to be $0.09 to $0.11 per share .Landec Corp- "Do not expect heavy rains this winter to have a negative impact on our financial results in fiscal 2018".  Full Article

Landec Corporation announces strategic acquisition of O Olive Oil to expand into adjacent natural food product segment
Thursday, 2 Mar 2017 

Landec Corp : Landec Corp says has entered into a definitive agreement to purchase O Olive Oil Inc ("O Olive") for $2.5 million in . Landec Corporation announces strategic acquisition of O Olive Oil to expand into adjacent natural food product segment . Landec Corp says expect business to be accretive in fiscal year 2018 . Landec Corp says for FY 2017, we expect net negative impact to net income of approximately $200,000, primarily from acquisition and integration related costs . Landec Corp says O Olive will continue to be managed by its existing management team and retain its headquarters and operations at its Petaluma, CA facility . Landec Corp says O Olive's gross margin for 12 months ended May 2017 is projected to be about 33%; expect to increase margins in upcoming years .Landec Corp says see an immediate opportunity to significantly increase O Olive revenues in Landec's fiscal year 2018.  Full Article

BRIEF-Landec Corp Reports Q3 EPS Of $0.58

* LANDEC CORPORATION REPORTS THIRD QUARTER AND FIRST NINE MONTHS FISCAL 2018 RESULTS