Lamb Weston shares are trading lower after the company reported Q3 EPS and revenue misses and cut its FY24 outlook.
Portfolio Pulse from Benzinga Newsdesk
Lamb Weston's stock traded lower following its Q3 earnings and revenue misses, alongside a reduced forecast for FY24.
April 04, 2024 | 12:59 pm
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NEGATIVE IMPACT
Lamb Weston's shares declined due to Q3 earnings and revenue misses, and a downward revision of its FY24 forecast.
The negative reaction in Lamb Weston's stock price is directly tied to the company's Q3 performance falling short of expectations and the subsequent lowering of its FY24 outlook. Such financial updates typically lead to a decrease in investor confidence, impacting the stock negatively in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100