Lindsay Corporation (LNN) announced its fourth-quarter earnings, which, although lower than the previous year, surpassed Wall Street expectations.
The company reported earnings of $12.74 million, translating to $1.17 per share, compared with $19.23 million, or $1.74 per share, for the corresponding period last year.
According to data compiled by Thomson Reuters, analysts had, on average, projected earnings of $1.01 per share. Notably, analysts' forecasts typically exclude extraordinary items.
Revenue for the quarter experienced a decline of 7.3%, dropping to $155.00 million from the previous year's $167.13 million.
Summary of Lindsay Corporation's Earnings (GAAP):
- Earnings for Q4: $12.74 million compared to $19.23 million last year.
- Earnings Per Share (EPS) for Q4: $1.17 compared to $1.74 last year.
- Revenue for Q4: $155.00 million compared to $167.13 million last year.
