SANTA MARIA, Calif. (AP) — Landec Corp. (LNDC) on Wednesday reported a loss of $5.5 million in its fiscal third quarter.

The Santa Maria, California-based company said it had a loss of 19 cents per share. Losses, adjusted for restructuring costs, came to 9 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.

The agricultural and food packaging products company posted revenue of $137.8 million in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $139.7 million.

Landec expects full-year revenue in the range of $523 million to $532 million.

Landec shares have climbed nearly 1% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $10.92, an increase of 11% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LNDC at https://www.zacks.com/ap/LNDC

Copyright by Automated Insights, Inc. All rights reserved.

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