Lifecore Biomedical, Inc. (LCBM) Reports Results for First Quarter Ended September 30, 2007
Lifecore Biomedical, Inc (LCBM) reported net sales totaling $15.7 million for the first quarter ended September 30, 2007. This net sales figure represents an increase of 5 percent over net sales that totaled $15.0 million during the first quarter of fiscal year 2007. Because of foreign currency translation increasing steadily in value over the past quarter, current quarter sales have also increased by $184,000 compared to the first quarter of the last fiscal year. Net income also increased to $1,263,000, or $.09 per diluted share, representing an improvement from last quarter where net income was $1,139,000, or $.08 per diluted…