EAGLE, Idaho (AP) — EAGLE, Idaho (AP) — Lamb Weston Holdings Inc. (LW) on Wednesday reported fiscal fourth-quarter net income of $129.6 million.
On a per-share basis, the Eagle, Idaho-based company said it had net income of 89 cents. Earnings, adjusted for non-recurring gains, came to 78 cents per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share.
The frozen foods supplier posted revenue of $1.61 billion in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $1.71 billion.
For the year, the company reported profit of $725.5 million, or $4.98 per share. Revenue was reported as $6.47 billion.
Lamb Weston expects full-year earnings to be $4.35 to $4.85 per share, with revenue in the range of $6.6 billion to $6.8 billion.
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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
