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Lamb Weston Holdings, Inc. Q3 adjusted earnings Miss Estimates

Lamb Weston Holdings, Inc. (LW) revealed a profit for third quarter that declined from last year.

The company's bottom line totaled $111.4 million, or $0.76 per share. This compares with $141.4 million, or $0.95 per share, in last year's third quarter.

Excluding items, Lamb Weston Holdings, Inc. reported adjusted earnings of $113.4 million or $0.77 per share for the period.

Analysts had expected the company to earn $0.93 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.1% to $937.3 million from $926.8 million last year.

Lamb Weston Holdings, Inc. earnings at a glance:

-Earnings (Q3): $113.4 Mln. vs. $140.4 Mln. last year.
-EPS (Q3): $0.77 vs. $0.95 last year.
-Analysts Estimate: $0.93
-Revenue (Q3): $937.3 Mln vs. $926.8 Mln last year.

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