Food packaging manufacturer Landec (NASDAQ:LNDC) announced that second quarter profit more than doubled, and restated its first quarter results to account for an undervaluation of $2.9 million for its investment in Windset Holdings. The correction adds $1.8 million, or 7 cents per share, to first quarter earnings, for a total of 17 cents per share.
Mellanox Technologies (NASDAQ:MLNX) announced that it was reducing its fourth quarter revenue outlook. The new guidance is $119 million to $121 million for the quarter, well below previous guidance of $145 to $150 million.
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