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Stock Market & Financial Investment News

News Breaks
November 9, 2012
05:55 EDTLNDC, LNDC, LNDCLandec management to meet with Roth Capital
Meetings to be held in Minneapolis on November 15 and in Milwaukee on November 16 hosted by Roth Capital.
News For LNDC From The Last 14 Days
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March 31, 2015
16:22 EDTLNDCLandec targets up to 10% revenue growth in FY16, consensus $573.24M
The company said, "Looking forward to fiscal 2016, we expect our longstanding Lifecore Biomedical customer who is reducing its inventory levels in fiscal 2015 to resume its historical ordering patterns in fiscal 2016, and we expect that the revenues and income forecasted for this year from a key Lifecore development partner will instead occur in fiscal 2016. As a result, in fiscal 2016 we expect significant year-over-year growth at Lifecore, continued expansion and growth in Apio superfood products and further expansion from Windset. Altogether, we believe consolidated revenues, excluding the $9 million of revenues from the extra week in fiscal 2015, could grow up to 10% in fiscal 2016 compared to fiscal 2015 with preliminary estimates of net income increasing approximately 60% to 75%. To achieve $1.00 per share in fiscal 2016, the change in the fair market value in Windset compared to fiscal 2015 would need to increase approximately 50% to $9.0 million to $10 million in fiscal 2016, which is higher than what we are currently projecting. We now expect Windset's most recent expansions to become operational towards the end of calendar 2015, which is later than we previously expected. We will have updated information concerning the timing of Windset's expansion plans when we report our fourth quarter results in July 2015 at which time we will provide overall guidance for the Company for fiscal 2016."
16:20 EDTLNDCLandec sees Q4 EPS 18c-20c, consensus 20c
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16:18 EDTLNDCLandec reports Q3 EPS 14c, consensus 14c
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