Lindsay Corporation Reveals Advance In Q2 Profit, Beats estimates

(RTTNews) - Lindsay Corporation (LNN) revealed earnings for its second quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $18.12 million, or $1.64 per share. This compares with $18.05 million, or $1.63 per share, in last year's second quarter.

Analysts on average had expected the company to earn $1.55 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 8.9% to $151.52 million from $166.24 million last year.

Lindsay Corporation earnings at a glance (GAAP) :

-Earnings (Q2): $18.12 Mln. vs. $18.05 Mln. last year. -EPS (Q2): $1.64 vs. $1.63 last year. -Revenue (Q2): $151.52 Mln vs. $166.24 Mln last year.