Recap: Lifecore Biomedical Q3 Earnings

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Lifecore Biomedical LFCR reported its Q3 earnings results on Thursday, June 1, 2023 at 07:15 AM.

Here's what investors need to know about the announcement.

Earnings

Lifecore Biomedical missed estimated earnings by 69.23%, reporting an EPS of $-0.22 versus an estimate of $-0.13.

Revenue was down $25.47 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.27 which was followed by a 67.32% drop in the share price the next day.

Here's a look at Lifecore Biomedical's past performance:

Quarter Q2 2023 Q1 2023 Q4 2022
EPS Estimate 0.03 -0.13 -0.01
EPS Actual -0.24 -0.32 -0.01
Revenue Estimate 54.54M 42.74M 45.55M
Revenue Actual 38.80M 43.35M 47.63M

To track all earnings releases for Lifecore Biomedical visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: EarningsBZI-Recaps
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