Lamb Weston (LW) Q3 Earnings and Revenues Lag Estimates

Lamb Weston (LW) came out with quarterly earnings of $1.20 per share, missing the Zacks Consensus Estimate of $1.40 per share. This compares to earnings of $1.43 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -14.29%. A quarter ago, it was expected that this frozen foods supplier would post earnings of $1.40 per share when it actually produced earnings of $1.45, delivering a surprise of 3.57%.Over the last four quarters, the ...