Recap: Lifecore Biomedical Q3 Earnings

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.

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.

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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