|Bid||9.78 x 900|
|Ask||9.83 x 800|
|Day's range||9.71 - 9.90|
|52-week range||8.69 - 12.88|
|Beta (5Y monthly)||1.10|
|PE ratio (TTM)||N/A|
|Earnings date||04 Jan 2022 - 10 Jan 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||13.80|
Shares of Landec (NASDAQ: LNDC) plunged after the company delivered disappointing earnings results for the fiscal first quarter of 2022. The natural foods producer reported a revenue decline of 5.5% year over year, which was roughly in line with analyst estimates. The Curation Foods business was the main culprit, which posted a 6% decline in revenue and a 129% drop in earnings before interest, taxes, depreciation, and amortization (EBITDA).
Good afternoon, and thank you for joining us today to discuss Landec Corporation's first quarter fiscal 2022 earnings results. On the call today from the company are Dr. Albert Bolles, President and Chief Executive Officer; John Morberg, Chief Financial Officer; and Jim Hall, President of Lifecore.
Landec (LNDC) delivered earnings and revenue surprises of -109.09% and 0.42%, respectively, for the quarter ended August 2021. Do the numbers hold clues to what lies ahead for the stock?