Lamb Weston Hldgs Q3 Adj EPS $1.20 Misses $1.45 Estimate, Sales $1.46B Miss $1.65B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lamb Weston Holdings (LW) reported Q3 adjusted EPS of $1.20, missing the $1.45 estimate, and sales of $1.46B, below the $1.65B estimate. This represents a 17.24% miss on EPS and an 11.64% miss on sales estimates, with a year-over-year earnings decrease of 16.08% and a sales increase of 16.27%.
April 04, 2024 | 12:41 pm
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Lamb Weston Holdings reported a significant miss in both adjusted EPS and sales for Q3, with adjusted EPS at $1.20 versus the $1.45 estimate and sales at $1.46B versus the $1.65B estimate.
The significant miss in both earnings per share and sales compared to analyst estimates is likely to negatively impact investor sentiment and the stock price of Lamb Weston Holdings in the short term. The year-over-year decrease in earnings further compounds the negative outlook, despite the increase in sales.
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