Lindsay Earnings: Everything You Must Know Now
Lindsay Corporation (NYSE:LNN) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Lindsay Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 36.73% to $2.01 in the quarter versus EPS of $1.47 in the year-earlier quarter.
Revenue: Rose 27.54% to $219.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Lindsay Corporation reported adjusted EPS income of $2.01 per share. By that measure, the company beat the mean analyst estimate of $1.80. It beat the average revenue estimate of $208.11 million.
Quoting Management: Rick Parod, president and chief executive officer, commented, “Record sales in our U.S. and international irrigation markets have led to record results through the first nine months of fiscal 2013. We expect a heavier mix of lower margin international sales in the fourth quarter as we continue to recognize revenue on the $39 million order in Iraq, which entered backlog in the second quarter.”
Key Stats (on next page)…