Lamb Weston: Fiscal 4Q Earnings Snapshot
EAGLE, Idaho (AP) _ Lamb Weston Holdings Inc. (LW) on Tuesday reported fiscal fourth-quarter profit of $111 million.
The Eagle, Idaho-based company said it had profit of 75 cents per share. Earnings, adjusted for pretax gains, came to 74 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share.
The frozen foods supplier posted revenue of $1 billion in the period.
For the year, the company reported profit of $467.8 million, or $3.18 per share. Revenue was reported as $3.76 billion.
Lamb Weston shares have dropped 8% since the beginning of the year. The stock has dropped 4% in the last 12 months.