Market Overview

UPDATE: Lindsay Q3 Net Profit Surges 23%

Share:
Related LNN
Top 4 NYSE Stocks In The Farm & Construction Machinery Industry With The Highest Profit Margin
Top 4 NYSE Stocks In The Farm & Construction Machinery Industry With The Highest EPS

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.

Posted-In: profitEarnings News

 

Related Articles (LNN)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→