Lindsay Corporation (LNN) announced a notable increase in its first-quarter profits, surpassing Wall Street forecasts. The company reported earnings of $17.16 million, translating to $1.57 per share, an improvement from the previous year's $15.02 million, or $1.36 per share.
Industry analysts, as surveyed by Thomson Reuters, had projected earnings of $1.39 per share, generally excluding unique financial items. Additionally, the company's revenue for the quarter saw a 3.0% increase, reaching $166.28 million compared to $161.36 million in the prior year.
Here is a concise overview of Lindsay Corporation's earnings in accordance with Generally Accepted Accounting Principles (GAAP):
- Quarterly Earnings (Q1): $17.16 million, up from $15.02 million last year.
- Earnings Per Share (EPS) (Q1): $1.57, an increase from $1.36 last year.
- Revenue (Q1): $166.28 million, a rise from $161.36 million last year.
