Skip to Content
AP National Business

Lamb Weston: Fiscal Q3 Earnings Snapshot

KTVZ
By
Published 5:47 am

EAGLE, Idaho (AP) — EAGLE, Idaho (AP) — Lamb Weston Holdings Inc. (LW) on Thursday reported fiscal third-quarter earnings of $175.1 million.

The Eagle, Idaho-based company said it had net income of $1.21 per share. Earnings, adjusted for non-recurring costs, were $1.43 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 98 cents per share.

The frozen foods supplier posted revenue of $1.25 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $1.18 billion.

Lamb Weston expects full-year earnings in the range of $4.35 to $4.50 per share, with revenue in the range of $5.25 billion to $5.35 billion.

_____

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

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KTVZ NewsChannel 21 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content