Landec Shifting Shipments, Says Some Revenue+Profit Planned for Q2 Recognized in Q3; Shift Does Not Affect FY13


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Landec Corporation(Nasdaq: LNDC), a materials science company that develops and marketsinnovative and patented products for food and biomedical applications, todayannounced that certain customers of its wholly-owned biomaterials subsidiary,Lifecore Biomedical, Inc., have requested that shipments originally planned tobe shipped in November be shipped in December, which will result in revenuesand profits planned for the second quarter being recognized in the thirdquarter. Therefore, approximately $3.0 million of gross profit is beingshifted from Landec's second fiscal quarter to Landec's third fiscal quarter.

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Posted In: EarningsNewsGuidanceMaterialsSpecialty Chemicals