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Lamb Weston's shares dropped 46% by Philadelphia Trust Co., but earnings topped estimates, hitting $1.10 per share.
Lamb Weston Holdings, Inc., a frozen potato products company, saw its shares reduced by Philadelphia Trust Co. by 46% in the fourth quarter.
Despite this, Lamb Weston's earnings per share (EPS) for the quarter topped estimates by $0.23, reaching $1.10, and revenue hit $1.52 billion.
The company also announced a quarterly dividend of $0.37, due on May 30th.
Invesco Ltd increased its holdings in Lamb Weston by 187,058 shares during the same period.
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Las acciones de Lamb Weston cayeron un 46% por Philadelphia Trust Co., pero las ganancias superaron las estimaciones, alcanzando $1,10 por acción.