(Boursier.com) — Lamb Weston, the American food giant specializing in frozen fries and other potato products, plunged 19% last night on Wall Street. The group delivered mixed results for its third quarter and also lowered its annual estimates. The implementation of a new ERP in North America had a greater adverse impact than expected in the quarter ended and affected the group’s ability to fulfill orders. Quarterly adjusted earnings per share were $1.20, compared to $1.40 consensus and $1.43 a year earlier. Revenues totaled $1.46 billion, also largely missing the consensus, while they stood at $1.25 billion a year earlier.
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