Lamb Weston (LW) reported fiscal Q3 adjusted earnings Thursday of $1.10 per diluted share, down from $1.20 a year earlier.

Analysts polled by FactSet expected $0.86.

Net sales for the fiscal quarter ended Feb. 23 was $1.52 billion, up from $1.46 billion a year earlier.

Analysts surveyed by FactSet expected $1.49 billion.

For fiscal 2025, the frozen foods company reaffirmed its previous expectation of adjusted diluted EPS of $3.05 to $3.20 on net sales of $6.35 billion to $6.45 billion.

Analysts polled by FactSet expect adjusted EPS of $3.09 on sales of $6.35 billion.

Shares of the company were over 3% higher in recent premarket activity.