EAGLE, Idaho (AP) — EAGLE, Idaho (AP) — Lamb Weston Holdings Inc. (LW) on Friday reported fiscal fourth-quarter net income of $109.6 million.
On a per-share basis, the Eagle, Idaho-based company said it had profit of 79 cents. Earnings, adjusted for non-recurring costs, came to 87 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.
The frozen foods supplier posted revenue of $1.77 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $1.7 billion.
For the year, the company reported profit of $290 million, or $2.08 per share. Revenue was reported as $6.61 billion.
Lamb Weston expects full-year earnings in the range of $2.95 to $3.25 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LW at https://www.zacks.com/ap/LW
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