Landec -4% AH after FQ2 revenue miss

Landec (LNDC-4% AH after reporting FQ2 earnings in-line but coming up short on revenue expectations, weighed by severe shortages of produce resulting in higher than projected costs for raw materials in Apio's value-added vegetable business.

LNDC reaffirms FY 2014 guidance, seeing EPS flat to +5% Y/Y to $0.70-$0.74 vs. $0.73 consensus estimate and revenue gains of 6% Y/Y to $468M vs. $472M consensus.

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