Lindsay Corporation Reports Fiscal 2016 Second Quarter Results
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Wedbush Cuts Price Target on Lindsay Corp. (LNN) to $68 Following Weak 2Q
April 1, 2016 7:56 AM EDTWedbush maintained a Neutral rating on Lindsay Corporation (NYSE: LNN), and cut the price target to $68.00 (from $69.00), following the company's 2Q earnings report. The company reported adjusted EPS of $0.41, excluding environmental expenses of $13 million, coming in below the Street's estimate of $0.56. Sales were reported at $120.6... More
Lindsay Corp. (LNN) Misses Q2 Views
March 31, 2016 6:47 AM EDTLindsay Corp. (NYSE: LNN) reported Q2 adjusted EPS of $0.42, $0.14 worse than the analyst estimate of $0.56. Revenue for the quarter came in at $120.6 million versus the consensus estimate of $123.84 million.
Cash and cash equivalents of $89.5 million were $77.7 million lower compared to the prior year second quarter.... More
