Lindaay Corp. (LNN) Misses Q3 EPS by 9c
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Lindsay Corporation Reports Fiscal 2016 Third Quarter Results
June 30, 2016 6:45 AM EDTOMAHA, Neb.--(BUSINESS WIRE)-- Lindsay Corporation (NYSE: LNN), a leading provider of irrigation systems and infrastructure products, today announced results for its third quarter ended May 31, 2016.
Third Quarter Results
Third quarter fiscal 2016 revenues were $141.3 million compared to revenues of $160.7 million in the prior years third quarter. Net earnings for the quarter were $9.6 million or $0.90 per diluted share compared with $12.9 million or $1.10 per diluted share in the prior year.
Irrigation segment revenues for the quarter were $117.3 million, an 11 percent decrease from $131.3 million in the prior years third quarter. U.S. irrigation... More
