Lindsay Corporation (LNN) has announced an increase in its second-quarter earnings compared to those of the same period last year, surpassing Wall Street predictions. The company recorded a net income of $18.12 million, or $1.64 per share, while last year's second quarter saw $18.05 million, or $1.63 per share.
The general forecast among analysts was that the company would earn $1.55 per share, based on figures compiled by international intelligence agency, Thomson Reuters. It's worth noting that analysts' estimates traditionally omit special items.
However, Lindsay Corporation's revenue fell 8.9% for the quarter to $151.52 million, down from $166.24 million in the previous year.
In brief, Lindsay Corporation's earnings for this quarter, according to GAAP:
- Second quarter earnings: $18.12 million, up from $18.05 million last year.
- Earnings per share for the second quarter: $1.64, up from $1.63 last year.
- Second quarter revenue: $151.52 million, down from $166.24 million last year.
