Lindsay Q2 EPS Tops Estimates, But Revenues Miss
(RTTNews) - Lindsay Corp. (LNN) reported on Tuesday that net earnings for the second quarter increased to $18.05 million or $1.63 per share from $14.57 million or $1.32 per share in the prior-year quarter.
Total operating revenues for the quarter declined 17 percent to $166.24 million from $200.14 million in the same quarter last year.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.53 per share on revenues of $188.27 million for the quarter. Analysts' estimates typically exclude special items.
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Lindsay To Invest Over $50 Mln In Next Two Years In Manufacturing Facility In Lindsay
Lindsay Corp. (LNN) announced Wednesday plans to invest more than $50 million over the next two years in its largest global manufacturing facility located in Lindsay, Nebraska.
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972 days ago
Indian Shares Modestly Higher In Cautious Trade
Indian shares were modestly higher on Wednesday after falling sharply in the previous session on concerns over rising oil and U.S. bond yields amid escalating Middle East tensions.
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Australian Market Slightly Trims Early Gains In Mid-market
The Australian stock market is slightly trimming its early gains in mid-market moves on Wednesday, reversing some of the losses in the previous session, with the benchmark S&P/ASX 200 moving well above the 8,650 level, despite the broadly negative cues from Wall Street overnight, with gains in energy and financial stocks partially offset by weakness in technology stocks.
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1h 45min ago
Asian Markets Trade Mostly Higher
Asian stock markets are mostly higher on Wednesday, despite the broadly negative cues from Wall Street overnight, as traders are cautious and seemed reluctant to make more significant moves ahead of the US Fed's monetary policy decision later in the day. Some traders are looking to pick stocks at a bargain following the recent slump in the markets. Asian markets closed mostly lower on Tuesday.
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2h 1min ago
Indian Shares Seen Flat To Higher At Open
Indian shares may see a fragile, tentative recovery at the open on Wednesday following the previous session's sell-off.
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Continued Consolidation Called For Thai Stock Market
The Thai stock market has moved lower in five straight sessions, retreating more than 40 points or 2.7 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,580-point plateau and it's expected to spin its wheels again on Wednesday.
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3h 9min ago
Lower Open Expected For Indonesia Bourse
The Indonesia stock market has finished lower in five straight sessions, sinking more than 225 points or 3.4 percent along the way. The Jakarta Composite Index now sits just above the 6,460-point plateau and it's looking at another soft start again on Wednesday.
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3h 39min ago
Japanese Market Modestly Lower
The Japanese stock market is trading modestly lower on Wednesday, extending the losses in the previous three sessions, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling to near the 63,350 level, with weakness index heavyweights partially offset by gains in automakers and financial stocks.
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3h 40min ago
