Lindsay Q3 2024 GAAP EPS $1.85 Beats $1.17 Estimate, Sales $139.200M Miss $144.363M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lindsay (NYSE:LNN) reported Q3 2024 GAAP EPS of $1.85, beating the estimate of $1.17 by 58.12%. However, sales were $139.2M, missing the $144.363M estimate and showing a 15.41% decrease from the same period last year.
June 27, 2024 | 10:48 am
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Lindsay's Q3 2024 earnings per share significantly beat expectations, but sales missed estimates and declined year-over-year.
While Lindsay's EPS beat expectations significantly, the miss on sales and the year-over-year decline in revenue could create mixed reactions in the market. Investors may be concerned about the declining sales trend, which could offset the positive EPS news.
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RELEVANCE 100