Lindsay Q3 EPS $1.53 Misses $2.15 Estimate, Sales $164.55M Miss $208.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lindsay Corporation (NYSE:LNN) reported Q3 earnings of $1.53 per share, missing the analyst consensus estimate of $2.15 by 28.84%. This is a 32.89% decrease from the same period last year. The company also reported quarterly sales of $164.55 million, missing the analyst consensus estimate of $208.40 million by 21.04%. This is a 23.20% decrease from the same period last year.
June 29, 2023 | 10:47 am
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NEGATIVE IMPACT
Lindsay Corporation's Q3 earnings and sales fell short of analyst estimates, indicating a potential negative impact on the company's stock.
Lindsay Corporation's earnings and sales for Q3 have significantly decreased compared to the same period last year and missed analyst estimates. This underperformance is likely to negatively impact investor sentiment and could lead to a decrease in the company's stock price in the short term.
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