Landec Corp. (LNDC) reported second quarter net income of $0.34 per share after the close Wednesday, up from $0.13 per share a year ago. The consensus estimate was for EPS of $0.16. The company now expects full year 2013 net income to grow 60% to 70% and revenues to grow 33% to 38%. Previously, the company expected net income to grow by 25% to 35% and revenues by approximately 30%.
Landec gapped open higher Thursday and rose further around 10:15AM. The stock ended the session with a gain of 1.54 at $11.36 on the highest volume of the year. Landec finished just below the highs of the year, trading at a 3-month high.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.