Form 8-K LINDSAY CORP For: Jan 06
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Higher Operating Expenses Pushes Lindsay Corp. (LNN) to Q1 Profit Miss - William Blair
January 6, 2015 9:25 AM ESTWilliam Blair is offering commentary on Market Perform-rated Lindsay Corp. (NYSE: LNN) following Q1 results reported earlier. The firm maintains LNN with an $83 price target.
Analyst Brian Drab noted the following:
Revenue. Revenue of $135 million (down 9% year-over-year) was below the consensus estimate of $137 million. By segment, irrigation revenue decreased 11% year-over-year, to $115 million (domestic irrigation revenue down 21% and international irrigation revenue up 4%).... More