Lamb Weston (LW) Matches Q1 Earnings Estimates

Lamb Weston (LW) came out with quarterly earnings of $0.73 per share, in line with the Zacks Consensus Estimate. This compares to earnings of$1.63 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this frozen foods supplier would post earnings of $1.24 per share when it actually produced earnings of$0.78, delivering a surprise of -37.10%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Lamb Weston, which ...