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Landec Corp (LNDC.OQ)

LNDC.OQ on NASDAQ Stock Exchange Global Select Market

14.25USD
20 Jul 2017
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Latest Key Developments (Source: Significant Developments)

Landec Corporation reports Q3 earnings per share $0.13
Tuesday, 4 Apr 2017 04:05pm EDT 

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 04:05pm EDT 

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 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

BRIEF-Landec Corporation reports Q3 earnings per share $0.13

* Landec Corporation reports third quarter and first nine months fiscal 2017 results