UPDATE: Lindsay Q3 Net Profit Surges 23%
Lindsay (NYSE: LNN) reported a 23% rise in its fiscal third-quarter earnings.
Lindsay's quarterly profit surged to $18.8 million, or $1.47 per share, versus a year-ago profit of $15.3 million, or $1.20 per share. Its revenue gained 12% to $172.1 million. However, analysts were expecting earnings of $1.36 per share on revenue of $166 million.
Lindsay's gross margin rose to 28.5% from 27%
Lindsay's shares closed at $56.27 yesterday.
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