Lamb Weston: Fiscal 1Q Earnings Snapshot
EAGLE, Idaho (AP) _ Lamb Weston Holdings Inc. (LW) on Tuesday reported fiscal first-quarter net income of $107.8 million.
The Eagle, Idaho-based company said it had net income of 73 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.
The frozen foods supplier posted revenue of $914.9 million in the period.
Lamb Weston shares have risen 17 percent since the beginning of the year. The stock has climbed 41 percent in the last 12 months.