Lindsay Corporation (LNN) has announced its third-quarter earnings, showing a notable increase from the same period last year and surpassing Wall Street expectations.
The company reported earnings of $20.38 million, translating to $1.85 per share. This is a rise from last year's third-quarter earnings of $16.88 million, or $1.53 per share.
Analysts, according to Thomson Reuters, had predicted an average earnings per share of $1.17. Notably, these estimates usually exclude any special items.
However, the company's revenue for the quarter saw a decline, dropping 15.4% to $139.20 million from $164.55 million in the previous year.
Summary of Lindsay Corporation’s earnings (GAAP) for Q3:
- Earnings: $20.38 million, compared to $16.88 million last year.
- EPS: $1.85, up from $1.53 last year.
- Revenue: $139.20 million, down from $164.55 million last year.
