Listen to this article

EAGLE (AP) — Lamb Weston Holdings, Inc., on Tuesday reported fiscal first-quarter earnings of $64.3 million.

The Eagle, Idaho-based company said it had net income of 46 cents per share. Earnings, adjusted for non-recurring costs, came to 74 cents per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share.

Lamb Weston, a 75-year-old Idaho company, is a leading supplier of frozen potato and other vegetable products for restaurants, retailers and others around the world. The company has 12 locations globally and employs more than 10,000 people.

Mike Smith, president and CEO of Lamb Weston, said in an interview on Yahoo!Finance that the company’s stra

See Full Page