Lamb Weston (LW) Lags Q2 Earnings and Revenue Estimates

Lamb Weston (LW) came out with quarterly earnings of $0.66 per share, missing the Zacks Consensus Estimate of$ 1.02 per share. This compares to earnings of $1.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -35.29%. A quarter ago, it was expected that this frozen foods supplier would post earnings of$ 0.73 per share when it actually produced earnings of $0.73, delivering no surprise.Over the last four quarters, the company ...