Lamb Weston Holdings, Inc. (NYSE:LW) shares are on watch Wednesday morning after the company reported its first-quarter financial results after Tuesday’s closing bell and announced a restructuring plan. The Details: Lamb Weston reported quarterly earnings of 73 cents per share which beat the analyst consensus estimate of 71 cents. Quarterly revenue came in at $1.65 billion which beat the consensus estimate of $1.56 billion. Net sales for the North America segment were down 3% and volume declined 4% versus the prior year quarter, reflecting the impact of customer share losses and declining rest…