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Landec: Fiscal 4Q Earnings Snapshot

SANTA CLARA, Calif. (AP) _ Landec Corp. (LNDC) on Tuesday reported fiscal fourth-quarter profit of $6.1 million.

On a per-share basis, the Santa Clara, California-based company said it had net income of 22 cents. Earnings, adjusted to account for discontinued operations, came to 24 cents per share.

The agricultural and food packaging products company posted revenue of $141.1 million in the period.

For the year, the company reported profit of $24.8 million, or 89 cents per share. Revenue was reported as $524.2 million.

Landec shares have risen 11 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $14, an increase of 14 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LNDC at https://www.zacks.com/ap/LNDC