Lindsay Corporation Reports Fiscal 2016 Third Quarter Results

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Lindaay Corp. (LNN) Misses Q3 EPS by 9c

June 30, 2016 6:46 AM EDT

Lindaay Corp. (NYSE: LNN) reported Q3 EPS of $0.90, $0.09 worse than the analyst estimate of $0.99. Revenue for the quarter came in at $141.3 million versus the consensus estimate of $148.43 million.

Cash and cash equivalents of $91.5 million at the end of the quarter were $47.6 million lower than at our fiscal year end August 31, 2015. The Company repurchased 219,578 shares for $16.1 million during the third quarter and a total of 688,790 shares for $48.3... More