Lamb Weston Holdings, Inc. Q2 Profit Decreases, but beats estimates

(RTTNews) - Lamb Weston Holdings, Inc. (LW) reported earnings for second quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings totaled $32.5 million, or $0.22 per share. This compares with $96.9 million, or $0.66 per share, in last year's second quarter.

Excluding items, Lamb Weston Holdings, Inc. reported adjusted earnings of $73.0 million or $0.50 per share for the period.

Analysts on average had expected the company to earn $0.32 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 12.2% to $1.01 billion from $0.90 billion last year.

Lamb Weston Holdings, Inc. earnings at a glance:

-Earnings (Q2): $32.5 Mln. vs. $96.9 Mln. last year. -EPS (Q2): $0.22 vs. $0.66 last year. -Analyst Estimates: $0.32 -Revenue (Q2): $1.01 Bln vs. $0.90 Bln last year.