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Why Landec Stock Crashed on Thursday

TheMotleyFool

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Shares of Landec (NASDAQ: LNDC) plunged after the company delivered disappointing earnings results for the fiscal first quarter of 2022. The stock was trading down 10.5% as of 11:28 a.m. EDT on Thursday.

The natural foods producer reported a revenue decline of 5.5% year over year, which was roughly in line with analyst estimates. However, the bottom line performed worse than expected, with Landec reporting an adjusted net loss of $0.23 per share, compared to expectations for a narrower net loss of $0.11.

Image source: Getty Images.

Source Fool.com

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