Home Finance Lamb Weston’s stock drops sharply on earnings miss, reduced outlook on system change

Lamb Weston’s stock drops sharply on earnings miss, reduced outlook on system change

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Lamb Weston’s stock drops sharply on earnings miss, reduced outlook on system change

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Lamb Weston Holdings Inc.’s stock was down by 10.5% in premarket trading on Thursday after the potato processing company blamed a slower-than-expected switch to a new enterprise resource planning system (ERP) for impacting its third-quarter results, as well as its outlook for the year.

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