Lamb Weston Hldgs Q4 Adj $0.78 Misses $1.26 Estimate, Sales $1.61B Miss $1.70B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lamb Weston Holdings (NYSE:LW) reported Q4 earnings of $0.78 per share, missing the analyst estimate of $1.26 by 38.1%. Sales were $1.61 billion, also below the $1.70 billion estimate. Both earnings and sales decreased compared to the same period last year.
July 24, 2024 | 12:32 pm
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Lamb Weston Holdings reported disappointing Q4 earnings and sales, both missing analyst estimates and showing declines from the previous year.
The significant miss on both earnings and sales, combined with year-over-year declines, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100