Piper Jaffray Raises PT on Lindaay Corp. (LNN) to $63 Following Mixed Q4
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Lindsay Corporation Reports Fiscal 2016 First Quarter Results
December 23, 2015 6:45 AM ESTOMAHA, Neb.--(BUSINESS WIRE)-- Lindsay Corporation (NYSE: LNN), a leading provider of irrigation systems and infrastructure products, today announced results for its first quarter ended November 30, 2015.
First Quarter Results
First quarter fiscal 2016 revenues were $121.6 million versus $134.8 million of revenues in the same prior year period. Net earnings were $6.9 million or $0.62 per diluted share compared with $7.6 million or $0.62 per diluted share in the prior year.
Total irrigation equipment revenues decreased 12 percent to $101.3 million from $114.7 million in the prior fiscal years first quarter. U.S. irrigation revenues of $59.2 million... More
