Lindsay Q2 EPS $1.64 Beats $1.55 Estimate, Sales $151.50M Miss $172.06M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lindsay Corporation (NYSE:LNN) reported Q2 earnings of $1.64 per share, surpassing the $1.55 estimate, marking a 5.81% beat and a 0.61% increase from last year. However, their Q2 sales of $151.50M fell short of the $172.06M estimate by 11.95%, representing an 8.87% decrease from the previous year.
April 04, 2024 | 10:46 am
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Lindsay Corporation reported higher-than-expected Q2 earnings but missed sales estimates, indicating mixed financial performance.
The positive earnings beat could be seen as a sign of operational efficiency and could potentially boost investor confidence in LNN's profitability. However, the significant miss on sales estimates might raise concerns about revenue growth and market demand, potentially offsetting the positive impact of the earnings beat on the stock price in the short term.
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