Lamb Weston: Fiscal 2Q Earnings Snapshot
EAGLE, Idaho (AP) _ Lamb Weston Holdings Inc. (LW) on Friday reported fiscal second-quarter net income of $109 million.
The Eagle, Idaho-based company said it had net income of 74 cents per share. Earnings, adjusted for non-recurring costs, were 80 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share.
The frozen foods supplier posted revenue of $911.4 million in the period.
Lamb Weston shares have dropped almost 1 percent since the beginning of the year. The stock has climbed 30 percent in the last 12 months.