Lindsay: Fiscal 3Q Earnings Snapshot
OMAHA, Neb. (AP) _ Lindsay Corp. (LNN) on Tuesday reported fiscal third-quarter net income of $2.9 million.
The Omaha, Nebraska-based company said it had profit of 27 cents per share. Earnings, adjusted for non-recurring costs, were 50 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.
The irrigation equipment maker posted revenue of $121.1 million in the period.
Lindsay shares have dropped 17% since the beginning of the year. The stock has dropped 21% in the last 12 months.