WASHINGTON (dpa-AFX) - Lamb Weston Holdings, Inc. (LW) reported a profit for fourth quarter that Decreased from last year but beat the Street estimates.
The company's bottom line came in at $119.9 million, or $0.85 per share. This compares with $129.6 million, or $0.89 per share, last year.
Excluding items, Lamb Weston Holdings, Inc. reported adjusted earnings of $122.8 million or $0.87 per share for the period.
Analysts on average had expected the company to earn $0.64 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 4.3% to $1.68 billion from $1.61 billion last year.
Lamb Weston Holdings, Inc. earnings at a glance (GAAP) :
-Earnings: $119.9 Mln. vs. $129.6 Mln. last year. -EPS: $0.85 vs. $0.89 last year. -Revenue: $1.68 Bln vs. $1.61 Bln last year.
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