Imperial Capital Raises Price Target on Landec (LNDC) Following 4Q15 results

Go back to Imperial Capital Raises Price Target on Landec (LNDC) Following 4Q15 results

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

July 28, 2015 4:46 PM EDT

Landec (NASDAQ: LNDC) reported Q4 EPS of $0.15, $0.04 worse than the analyst estimate of $0.19. Revenue for the quarter came in at $134.4 million versus the consensus estimate of $135.14 million.

Landec sees FY2015 EPS of $0.80-$0.83, versus the consensus of $0.92.

For earnings history and earnings-related data on Landec (LNDC) click here.

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Landec (LNDC) Names New CEO

July 28, 2015 9:04 AM EDT

Landec (NASDAQ: LNDC) announced the naming of Molly A. Hemmeter as Chief Executive Officer to succeed Gary T. Steele who is retiring effective with the Shareholder Meeting on October 15, 2015. Mr. Steele has agreed to remain as a member of the Board of Directors.

Since joining Landec in June 2009 as VP of Business Development and subsequently becoming Landec's Chief Commercial Officer and Chief Operating Officer, Ms. Hemmeter has led key strategic initiatives driving Landec's growth and profitability.

Starting in early 2013, Ms. Hemmeter has focused on expanding the marketing and new product innovation capabilities... More