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

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.

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