Landec Corporation Reiterates Fiscal Year 2018 EPS Guidance and Lowers Second Quarter EPS Guidance due to Impact from Extreme Weather Events
Landec Corporation (LNDC)
Last landec corporation earnings: 3/31 04:05 pm
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US:NASDAQ Investor Relations:
ir.landec.com/investor-relations
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Source: GlobeNewswire
SANTA CLARA, Calif., Nov. 29, 2017 (GLOBE NEWSWIRE) -- Landec Corporation (NASDAQ:LNDC), a leading innovator of diversified health and wellness solutions within the branded natural food and biomaterial markets, is reiterating its guidance for fiscal 2018 and lowering its earnings per share guidance for the second fiscal quarter. For fiscal 2018, Landec is reiterating its revenue growth guidance of 2% to 4% compared to fiscal 2017 and earnings per share guidance of $0.52 to $0.58. For the second quarter of fiscal 2018, Landec is reiterating its revenue guidance of $135 to $140 million and lowering its 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. The Company expects the lower second fiscal quarter earnings per share to be offset by higher net income than originally expected in the second half of fiscal 2018. The Company will provide guidance for the third fiscal quarter and second half of fiscal 2018 in its second quarter e
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