Lamb Weston Holdings, Inc. Announces Drop In Q1 Bottom Line, misses estimates

(RTTNews) - Lamb Weston Holdings, Inc. (LW) revealed a profit for first quarter that fell from the same period last year.

The company's bottom line came in at $29.8 million, or $0.20 per share. This compares with $89.3 million, or $0.61 per share, in last year's first quarter.

Analysts had expected the company to earn $0.38 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 12.9% to $984.2 million from $871.5 million last year.

Lamb Weston Holdings, Inc. earnings at a glance:

-Earnings (Q1): $29.8 Mln. vs. $89.3 Mln. last year. -EPS (Q1): $0.20 vs. $0.61 last year. -Analysts Estimate: $0.38 -Revenue (Q1): $984.2 Mln vs. $871.5 Mln last year.