Landec Corp. (LNDC) Announces Quarterly Results
Landec Corp. (NASDAQ:LNDC) posted its quarterly earnings results on Tuesday. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.18 by $0.01, AR Network reports. The company had revenue of $120.90 million for the quarter, compared to the consensus estimate of $112.60 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 12.9% on a year-over-year basis.
Landec Corp. (NASDAQ:LNDC) traded up 2.21% on Tuesday, hitting $12.02. 51,308 shares of the company’s stock traded hands. Landec Corp. has a 52-week low of $9.84 and a 52-week high of $15.28. The stock has a 50-day moving average of $12.12 and a 200-day moving average of $11.48. The company has a market cap of $321.9 million and a price-to-earnings ratio of 16.54.
Landec Corporation (NASDAQ:LNDC) designs, develops, manufactures and sells polymer products for food and agricultural products, medical devices and licensed partner applications that incorporate Landec’s polymer technologies.
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