Why Lamb Weston Stock Soars Wednesday

Lamb Weston Holdings, Inc. (NYSE:LW) shares are trading higher on Wednesday.

The company reported fourth quarter adjusted earnings per share of 87 cents, beating the analyst consensus estimate of 64 cents.

Quarterly sales of $1.675 billion (+4% year over year) outpaced the Street view of $1.590 billion.

Also Read: Fiserv Stock Tumbles As Outlook Softens Despite Deal With TD

“Lamb Weston returned to growth in the second half of the year with momentum in customer wins and retention, delivering financial results above our updated expectations,” said Mike Smith, Lamb Weston president and CEO. 

Volume increased 8% compared to the prior year quarter due to contract wins across ...