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Lamb Weston Stock Surges on Earnings Beat Despite Flat Sales
Lamb Weston Stock Surges on Earnings Beat Despite Flat Sales
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BTCCSquare news:
Lamb Weston Holdings, Inc. shares jumped 4.8% to $58.35 after posting a stronger-than-expected fiscal Q3 profit, defying stagnant year-over-year revenue. Adjusted earnings per share of $0.74 trounced analyst estimates by nearly 40%, while revenue edged past consensus at $1.66 billion despite flat growth.
The potato products manufacturer saw improved free cash FLOW margins surge to 16.5% from 0.3% in the prior-year period, offsetting weaker operating margins. Volume recovery and disciplined cost management drove investor optimism, with the company reaffirming its full-year outlook.
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