Landec (LNDC) Misses Q3 EPS by 2c, Guides FY16 EPS Below Consensus

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Landec Corporation Reports Third Quarter and Nine Months Fiscal 2016 Results

March 29, 2016 4:05 PM EDT

MENLO PARK, Calif., March 29, 2016 (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 third quarter of fiscal 2016 and nine months ended February 28, 2016. 

During the third quarter, Apio continued to experience severe produce shortages and increased costs for many of its key vegetables due to the weather-related effects from El Nino, specifically very poor yields and quality, said Molly Hemmeter, Landecs President and CEO. Although weather conditions have recently improved, we are still... More