Lindsay Corporation Q1 adjusted earnings Miss Estimates

(RTTNews) - Lindsay Corporation (LNN) revealed a profit for first quarter that decreased from the same period last year.

The company's bottom line came in at $1.21 million, or $0.11 per share. This compares with $3.19 million, or $0.30 per share, in last year's first quarter.

Excluding items, Lindsay Corporation reported adjusted earnings of $4.13 million or $0.38 per share for the period.

Analysts had expected the company to earn $0.45 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 7.9% to $111.95 million from $121.53 million last year.

Lindsay Corporation earnings at a glance:

-Analysts Estimate: $0.45 -Revenue (Q1): $111.95 Mln vs. $121.53 Mln last year.