Wednesday, January 2, 4:27 PMLandec Corporation (LNDC) restates 1QFY13 financial to report an increase of $2.9M in fair value of Windset Holdings. The company understated the recorded value of its Windset investment, and the related investment income, by $2.9 million, thus impacting net income by $1.8M, or $0.07/share. Shares +4% AH. (PR)
Comment![Earnings, On the Move]
Wednesday, September 26, 2012, 4:26 PMLandec (LNDC): FQ1 EPS of $0.10 beats by $0.02. Revenue of $102M (+39% Y/Y) beats by $11M. Shares +8.3% AH. (PR)
Comment![Earnings, On the Move]
Monday, April 23, 2012, 12:23 PM
Landec (LNDC +4.2%) shares pop after the developer of polymer products for the food and agriculture industries announces the acquisition of GreenLine Foods for $63M in cash with no assumed debt. The company increases revenue guidance to reflect the acquisition.
Comment![M&A, On the Move]
Tuesday, January 3, 2012, 6:44 PM
Landec (LNDC) beat FQ2 expectations on a 63% Y/Y jump in profit, as the packaging company's Apio food-products business benefited from higher volume and solid export growth. Shares +4.2% AH.
Comment![On the Move]