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Why Landec Stock Crashed on Thursday

·2 min read
Why Landec Stock Crashed on Thursday
In this article:
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  • LNDC

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).