Lamb Weston (LW) reported earnings on Tue 2 Apr 2019 (b/o)

** charts before earnings **

 

** charts after earnings **

 Lamb Weston beats by $0.12, beats on revs; raises FY19 outlook

• Reports Q3 (Feb) earnings of $0.95 per share, excluding non-recurring items, $0.12 better than the S&P Capital IQ Consensus of $0.83; revenues rose 7.3% yr/yr to $926.8 mln vs the $898.46 mln S&P Capital IQ Consensus.
• Outlook: Net sales expected to increase high single digits, up from a previous estimate of mid-to-high single digits (Capital IQ consensus +8%). Adjusted EBITDA including unconsolidated joint ventures expected to be $895 million-$905 million, up from a previous estimate of $870 million-$880 million.