Lamb Weston Boosts FY24 Earnings Outlook - Update

RTTNews | hace 510
Lamb Weston Boosts FY24 Earnings Outlook - Update

(RTTNews) - While reporting financial results for the second quarter on Thursday, Lamb Weston Holdings, Inc. (LW) raised its earnings and adjusted earnings guidance for the full-year 2024, while reaffirming annual net sales outlook.

For fiscal 2024, the company now projects earnings in a range of $5.70 to $6.15 per share and adjusted earnings in a range of $5.70 to $6.15 per share. Previously, the company expected earnings in the range of $5.47 to $5.92 per share and adjusted earnings in the range of $5.50 to $5.95 per share.

However, the company continues to projects net sales between $6.8 billion and $7.0 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $5.90 per share on net sales of $6.89 billion for the year. Analysts' estimates typically exclude special items.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Lamb Weston Boosts FY23 Outlook - Update

Lamb Weston Boosts FY23 Outlook - Update

While reporting financial results for the second quarter on Thursday, Lamb Weston Holdings, Inc. (LW) raised its earnings, adjusted earnings and net sales guidance for the full-year 2023, based on its financial performance in the first half of fiscal 2023 and broad operating momentum.
RTTNews | hace 874
Kingfisher Q1 Sales Rise, Says Confident Of FY25 View; But Stock Down

Kingfisher Q1 Sales Rise, Says Confident Of FY25 View; But Stock Down

Home improvement retailer Kingfisher Plc reported Wednesday higher sales in its first quarter, benefited by improved results in UK & Ireland. Meanwhile, sales in France and Poland declined, and the company maintained its fiscal 2025 outlook. On the London Stock Exchange, Kingfisher shares were losing around 3.5 percent.
RTTNews | hace 2h 45min
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Wednesday morning with investors tracking global cues and reacting to earnings from major Canadian banks. Investors are also awaiting earnings update from U.S.
RTTNews | hace 2h 58min
FTSE 100 Down Marginally

FTSE 100 Down Marginally

UK stocks are marginally down in lackluster trade on Wednesday as investors look for directional clues after recent gains following U.S. President Donald Trump deciding to pause the recently announced 50% tariffs on imports from EU, paving the way for further trade negotiations.
RTTNews | hace 3h 47min
German Unemployment Rises More Than Expected

German Unemployment Rises More Than Expected

Joblessness in Germany increased more than expected in May as a weak economy continued to impede job creation, official data revealed on Wednesday. The number of unemployed increased sharply by 34,000 in May compared to April's rise of 6,000, the Federal Employment Agency said. Economists expected a monthly increase of 12,000.
RTTNews | hace 3h 51min
CAC 40 Down Marginally In Lackluster Trade

CAC 40 Down Marginally In Lackluster Trade

French stocks are moving in a tight range in cautious trade on Wednesday as investors digest a slew of domestic economic reports, and continue to assess the impact of Trump administration's trade policy on global economic growth.
RTTNews | hace 5h 0min