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Lamb Weston: Fiscal Q1 Earnings Snapshot
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EAGLE, Idaho (AP) — EAGLE, Idaho (AP) — Lamb Weston Holdings Inc. (LW) on Tuesday reported fiscal first-quarter profit of $29.1 million.

The Eagle, Idaho-based company said it had profit of 21 cents per share. Earnings, adjusted for non-recurring costs and restructuring costs, were 75 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.

The frozen foods supplier posted revenue of $1.67 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $1.65 billion.

Lamb Weston expects full-year earnings in the range of $3.05 to $3.35 per share.

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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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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