Edition:
United States

Landec Corp (LNDC.OQ)

LNDC.OQ on NASDAQ Stock Exchange Global Select Market

11.55USD
4:00pm EDT
Change (% chg)

$-0.40 (-3.35%)
Prev Close
$11.95
Open
$11.95
Day's High
$11.95
Day's Low
$11.40
Volume
12,905
Avg. Vol
22,042
52-wk High
$15.45
52-wk Low
$9.75

Latest Key Developments (Source: Significant Developments)

Landec Corporation announces strategic acquisition of O Olive Oil to expand into adjacent natural food product segment
Thursday, 2 Mar 2017 09:00am EST 

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

Landec Corp says to make another capital investment in its Lifecore Biomedical unit
Wednesday, 12 Oct 2016 09:10am EDT 

Landec Corp : Says will be making another substantial capital investment in its lifecore biomedical subsidiary . Says projects it will spend an incremental $4-5 million in fiscal year 2017 on this new investment .Landec corp sees potential future investment of up to $12 million.  Full Article

Landec Corp sees FY 2017 revenue up 3 to 6 pct
Tuesday, 27 Sep 2016 04:05pm EDT 

Landec Corp : Landec corporation reports fiscal first quarter 2017 results . Sees q2 2017 earnings per share $0.05 to $0.07 . Q1 earnings per share $0.12 . Sees q2 2017 revenue $137 million to $142 million . Q1 revenue $132.4 million versus i/b/e/s view $131.8 million . Q1 earnings per share view $0.10 -- Thomson Reuters I/B/E/S . Sees fy 2017 revenue up 3 to 6 percent . Q2 earnings per share view $0.08, revenue view $140.3 million -- Thomson Reuters I/B/E/S .Company reiterates full year fiscal 2017 guidance.  Full Article

Landec Corp reports Q4 earnings per share of $0.17
Tuesday, 26 Jul 2016 04:05pm EDT 

Landec Corp : Sees consolidated revenues to grow 3% to 6% in fiscal 2017 . Sees fiscal 2017 lifecore revenues and salad product revenues growing at lower double digits . Landec Corp. reports fiscal fourth quarter and full year 2016 results . Q4 earnings per share $0.17 . Q4 earnings per share view $0.15 -- Thomson Reuters I/B/E/S . Sees Q1 2017 earnings per share $0.09 to $0.11 . Sees FY 2017 revenue up 3 to 6 percent . Sees Q1 2017 revenue $129 million to $133 million . Q4 revenue $135.3 million versus I/B/E/S view $130 million . For Q1 of fiscal 2017, expect revenues to be $129 million to $133 million . For Q1 of fiscal 2017 expect net income to be $0.09 to $0.11 per share . Expect consolidated net income to increase 50% to 70% in fiscal 2017 .Estimated eps range of $0.53 to $0.60 for fiscal 2017.  Full Article

Franklin Resources Inc reports 10.5 pct passive stake in Landec as of May 31, 2016
Thursday, 9 Jun 2016 12:47pm EDT 

Landec Corp : Franklin Resources Inc reports 10.5 pct passive stake in Landec as of May 31, 2016 - SEC filing Source - (http://bit.ly/1tkBuNr) Further company coverage: [LNDC.O] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

Landec Corp reiterates FY 2016 outlook
Tuesday, 29 Sep 2015 04:05pm EDT 

Landec Corp:Says For all of FY 2016, reiterating guidance for consolidated revenues to increase 7-9%.Also reiterating FY 2016 guidance for consolidated net income to increase 60-65%.  Full Article

Landec Corp gives FY 2016 outlook
Tuesday, 28 Jul 2015 04:05pm EDT 

Landec Corp:Expect FY 2016 consolidated revenues to increase 7-9%.Expect FY 2016 consolidated operating income to increase 60-70%.Expect FY 2016 consolidated net income to increase 60-65%.FY 2016 revenue of $569 million, EBIT of $30.88 mln and net income of $25.25 - Thomson Reuters I/B/E/S.  Full Article

Landec Corp announces Chief Executive Officer change
Tuesday, 28 Jul 2015 09:00am EDT 

Landec Corp:Says naming of Molly A. Hemmeter as Chief Executive Officer to succeed Gary T. Steele who is retiring effective with Shareholder Meeting on Oct. 15.Steele has agreed to remain as a member of the Board of Directors.  Full Article

Landec Corp Enters into equipment loan with Banc of America Leasing - Form 8-K
Wednesday, 3 Jun 2015 04:55pm EDT 

Landec Corp:Enters into an about $3.8 million equipment loan with Banc of America Leasing & Capital, LLC (BofA) to finance equipment purchases.Equipment loan has a five-year term with a seven-year amortization and a fixed interest rate of 2.79 pct.  Full Article

More From Around the Web

BRIEF-Landec Corporation names Debbie Carosella to board of directors

* Landec Corporation names innovative natural food business leader Debbie Carosella to board of directors