Click to copy
Click to copy

Lindsay: Fiscal 3Q Earnings Snapshot

June 28, 2018

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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LNN at https://www.zacks.com/ap/LNN

All contents © copyright 2019 The Associated Press. All rights reserved.