Lindsay Corporation (LNN) reported a profit for its first quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $17.16 million, or $1.57 per share. This compares with $15.02 million, or $1.36 per share, in last year's first quarter.
Analysts on average had expected the company to earn $1.39 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 3.0% to $166.28 million from $161.36 million last year.
Lindsay Corporation earnings at a glance (GAAP) :
-Earnings (Q1): $17.16 Mln. vs. $15.02 Mln. last year.
-EPS (Q1): $1.57 vs. $1.36 last year.
-Revenue (Q1): $166.28 Mln vs. $161.36 Mln last year.
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