RGP - Lamb Weston Reports Weak Earnings Joins Paragon 28 Resources Connection And Other Big Stocks Moving Lower On Thursday | Benzinga
U.S. stocks were higher, with the Dow Jones gaining over 150 points on Thursday.
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) fell sharply during Thursday’s session after the company reported weak third-quarter results and cut its FY24 outlook.
Lamb Weston posted adjusted earnings of $1.20 per share, missing market estimates of $1.45 per share. The company’s quarterly sales came in at $1.46 billion versus expectations of $1.65 billion, according to data from Benzinga Pro.
Lamb Weston shares tumbled 17.5% to $83.40 on Thursday.
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