Lindaay Corp. (LNN) Misses Q4 EPS by 34c

Lindaay Corp. (NYSE: LNN) reported Q4 EPS of $0.46, $0.34 worse than the analyst estimate of $0.80. Revenue for the quarter came in at $123.3 million versus the consensus estimate of $136.22 million.

Outlook

“Market headwinds in North America are expected to continue into our fiscal 2019 due to uncertainty regarding the outcome of global trade negotiations and pressure on grain prices,” said Mr. Hassinger. “We expect improvement in international irrigation as Brazil returns to a level of normalcy and developing markets continue to grow.”

Mr. Hassinger added, “Following record infrastructure results in fiscal 2018, we continue to focus on converting the pipeline of Road Zipper projects into orders.”

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

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