Lindsay (LNN) Tops Q1 EPS by 27c, Offers Outlook

Lindsay (NYSE: LNN) reported Q1 EPS of $0.77, $0.27 better than the analyst estimate of $0.50. Revenue for the quarter came in at $109.4 million versus the consensus estimate of $110.5 million.

Outlook:

“Recent progress regarding a preliminary trade agreement between the U.S. and China offers encouragement for U.S. farmers by improving the outlook for agricultural exports,” said Mr. Hassinger. “In the international markets we continue to see good activity in Brazil and in developing markets.”

Mr. Hassinger added, “We like the traction we are getting with our Road Zipper growth strategy and the pipeline of opportunities that are being generated.”

For earnings history and earnings-related data on Lindsay (LNN) click here.

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