Landec up 5% on Q3 revenue beat, Q4 outlook [Seeking Alpha]
Landec Corporation (LNDC)
Last landec corporation earnings: 3/31 04:05 pm
Check Earnings Report
US:NASDAQ Investor Relations:
ir.landec.com/investor-relations
Company Research
Source: Seeking Alpha
Landec up 5% on Q3 revenue beat, Q4 outlookLandec Corporation (LNDC+5.3%) Q3 revenue grew 9% Y/Y to $149.3M due to 15% increase in revenues of Apio’s packaged fresh vegetable business to $15.5M. Segment Revenues: APIO +10% Y/Y to $125.35M, Lifecore -2.5% Y/Y to $22.96M and others +69% to $1M.Overall gross margin for Q3declined 368 bps to 13.5%. APIO segment's gross margindeclined by 288 bps to 6.6%, Lifecoredeclined by 290 bps to 50.5% and othersdeclined by 3169 bps to 25.5%.Overall Q3 operating margindeclined by 102 bps to 2.15%. APIO segment's operating marginrecovered by 62 bps to -1.33%, Lifecoredeclined by 374 bps to 38.15% and othersrecovered by 67946 bps to -385%.Q4 2018 Outlook: Revenue growth 13-16%, key drivers of growth from Eat smart salad sales 12-15%, lifecore revenue 40-43% and O olive revenue $1.4-1.7M; EPS $0.20-0.22.FY2018 Outlook: Revenue growth 10-12%; EPS $0.40-0.42 vs. consensus of $0.41; cash flow from operations $28-32M and capex $30-34M. Company will be discon
Show less
Read more
Impact Snapshot
Event Time:
LNDC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
LNDC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
LNDC alerts
High impacting Landec Corporation news events
Weekly update
A roundup of the hottest topics