Lindsay Corporation Q3 Profit Drops, But Beats Estimates

(RTTNews) - Lindsay Corporation (LNN) released earnings for third quarter that decreased from the same period last year but beat the Street estimates.

The company's bottom line came in at $19.50 million, or $1.78 per share. This compares with $20.38 million, or $1.85 per share, last year.

Analysts on average had expected the company to earn $1.40 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 21.7% to $169.46 million from $139.20 million last year.

Lindsay Corporation earnings at a glance (GAAP) :

-Earnings: $19.50 Mln. vs. $20.38 Mln. last year. -EPS: $1.78 vs. $1.85 last year. -Revenue: $169.46 Mln vs. $139.20 Mln last year.