Lamb Weston Posts Q1 Profit of $29.1M, Beats Estimates; Guides FY EPS at $3.05-$3.35

Lamb Weston Holdings Inc. (LW) on Tuesday reported fiscal first-quarter net income of $29.1 million, or 21 cents per share, with adjusted earnings of 75 cents per share — surpassing the Zacks consensus estimate of 59 cents from five analysts. The Eagle, Idaho-based frozen foods supplier posted revenue of $1.67 billion, topping the $1.65 billion forecast by four Zacks analysts. The company guided full-year earnings to a range of $3.05 to $3.35 per share.