Lindsay: Fiscal 3Q Earnings Snapshot
OMAHA, Neb. (AP) _ Lindsay Corp. (LNN) on Thursday reported fiscal third-quarter profit of $10.4 million.
On a per-share basis, the Omaha, Nebraska-based company said it had profit of 96 cents. Earnings, adjusted for non-recurring costs, came to $1.66 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.
The irrigation equipment maker posted revenue of $169.6 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $165.9 million.
Lindsay shares have increased 7 percent since the beginning of the year. The stock has climbed 9 percent in the last 12 months.