Lamb Weston Hldgs Q2 Adj. EPS $1.45 Beats $1.41 Estimate, Sales $1.73B Beat $1.70B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lamb Weston Holdings (LW) reported Q2 adjusted earnings per share (EPS) of $1.45, surpassing the consensus estimate of $1.41 by 2.84%. Year-over-year, this represents a 13.28% increase from $1.28 per share. Quarterly sales reached $1.73 billion, exceeding estimates of $1.70 billion by 1.88% and marking a 35.63% increase from $1.28 billion in the same period last year.
January 04, 2024 | 1:36 pm
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Lamb Weston Holdings reported a strong Q2 with EPS and sales surpassing estimates, indicating robust financial performance and potential positive investor sentiment.
Beating both EPS and sales estimates typically generates positive investor sentiment, which can lead to a short-term increase in stock price. The significant year-over-year growth in earnings and sales further strengthens the positive outlook for Lamb Weston Holdings.
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