Landec (LNDC) Misses Q4 EPS by 4c, FY EPS Guidance Misses

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Go back to Landec (LNDC) Misses Q4 EPS by 4c, FY EPS Guidance Misses

Landec Corporation Reports Fiscal Fourth Quarter and Full Year 2015 Results

July 28, 2015 4:05 PM EDT

MENLO PARK, Calif., July 28, 2015 (GLOBE NEWSWIRE) -- Landec Corporation (NASDAQ: LNDC), a leading developer and marketer of innovative and proprietary products for healthy living applications in the food and biomedical markets, reported results for the fiscal 2015 fourth quarter and fiscal year ended May 31, 2015.

"During the fourth quarter, revenues grew 11% and operating income grew 17% compared to the last year's fourth quarter. For all of fiscal 2015, revenues grew 13% to $539.3 million, exceeding $500 million for the first time in Landec's history," said Gary Steele, Landec's Chairman and CEO. "This growth was driven primarily by an... More