Mattress Firm Holding (MFRM) announced that income in the fourth quarter fell sharply on acquisition related costs. The company said that it earned $7.6 million, or 22 cents per share, down from $17.4 million, or 56 cents per share, in the same quarter last year. Excluding items, the company earned 30 cents per share. Net revenue increased by 37 percent to $258.2 million, and same store sales fell by 1.6 percent. Analysts had expected the company to earn 32 cents per share on revenue of $262.1 million.
Shares are higher in early trading.
Landec (LNDC), a food packaging supplier, announced that third quarter earnings were flat and expected revenue to fall during the quarter quarter. The company predicted fourth quarter income fo between $4 million and $4.5 million on revenue of $101 million to $105 million, while anaylsts expected income of $4.3 million on revenue of $108.7 million. For the current quarter, the company reported adjusted earnings per share of $0.18 and revenue rose 47.26% to $117.9 million. Analysts had expected earnings of $0.17 on revenues of $109.51 million.
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