Your email has been successfully added to our mailing list.

×
-0.000582459643867593 -0.000582459643867593 0.000825428523880814 0.00266267265768009 0.013190214677983 0.0234648027958062 0.0401065069063071 0.0401065069063071
Stock impact report

Why Lamb Weston Stock Was Diving Today [Yahoo! Finance]

Lamb Weston Holdings, Inc. (LW) 
Last lamb weston holdings, inc. earnings: 4/1 08:30 am Check Earnings Report
US:NYSE Investor Relations: lambweston.com/investors
Company Research Source: Yahoo! Finance
it delivered third-quarter results before the start of Thursday trading that missed estimates, offered weak guidance, and said it was replacing its CEO. As of 11:37 a.m. ET, the stock was down 21.2% on the news. Image source: Getty Images. Lamb Weston's problems are multiplying Lamb Weston's revenue in the quarter fell by 8% year over year to $1.6 billion, which missed the consensus estimate of $1.67 billion. The underperformance came as demand for its frozen potato products continues to be weak. Results were even worse on the bottom line as the company's manufacturing costs were higher than expected and volume continued to be soft. That led to a 41% decline in adjusted operating income to $178 million, while adjusted EPS fell 54% to $0.66, missing the analysts' consensus expectation of $1.01. CEO Tom Werner said the results "were below our expectations." The company also announced that COO Michael Smith would replace Werner as its next CEO, effective Jan. 5. Werner will s Show less Read more
Impact Snapshot
Event Time:
LW
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for
LW alerts

from News Quantified
Opt-in for
LW alerts

from News Quantified