Investing.com - Landec (NASDAQ:LNDC) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Landec announced earnings per share of $-0.41 on revenue of $43.36M. Analysts polled by Investing.com anticipated EPS of $-0.14 on revenue of $44.98M.
Landec shares are down 22% from the beginning of the year, still down 28.90% from its 52 week high of $12.04 set on February 22.
Landec shares lost 1.61% in intra-day trade following the report.
Landec follows other major Consumer Staples sector earnings this month
Landec's report follows an earnings beat by Costco on September 22, who reported EPS of $4.2 on revenue of $72.09B, compared to forecasts EPS of $4.17 on revenue of $70.8B.
Constellation Brands B had beat expectations on Thursday with second quarter EPS of $3.17 on revenue of $2.66B, compared to forecast for EPS of $2.78 on revenue of $2.5B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar