Why Landec Stock Crashed on Thursday

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. 

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Source Fool.com