5 Stocks in Focus After Releasing Their Financial Results

1. Lamb Weston Holdings, Inc. (NYSE:LW)

Number of Hedge Fund Holders: 31

Shares of Lamb Weston Holdings, Inc. (NYSE:LW) touched a nearly six-month high on Thursday, January 7, 2022, after announcing better-than-expected financial results for its fiscal second quarter.

Lamb Weston Holdings, Inc. (NYSE:LW) reported adjusted earnings of 50 cents per share, down from 66 cents per share in the year-ago quarter. Revenue came in at $1 billion, compared to $896.1 million in the same period last year. The results exceeded the consensus forecast of 33 cents per share for earnings and $997.8 million for revenue.

Looking forward, Lamb Weston Holdings, Inc. (NYSE:LW) expects sales growth in the range of low-to-mid single digit for its FY 2022, compared to sales growth of 10.4 percent projected by analysts.

Discussing the results, CEO of Lamb Weston Holdings, Inc. (NYSE:LW), Tom Werner, said in a statement:

“We are pleased with our financial and operating progress in the quarter as we continue to navigate through a difficult and volatile macro environment defined by cost inflation, supply chain disruptions and production challenges due primarily to a tight labor market.”

You can also take a peek at 10 Value Stocks in Joel Greenblatt’s Portfolio and Billionaire Israel Englander is Buying These 10 Stocks.

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