Lindsay Corp rises on higher Q1 earnings

Lindsay

05/01/2023 14:39

** Shares of agricultural irrigation equipment maker Lindsay
Corp  LNN.N  up 2.3% at $160.18 in early trading
    ** Co reports FY23 Q1 EPS of $1.65 vs 72 cents/shr a year
earlier
    ** LNN reports Q1 rev of $176.2 mln, up 6% from a year
earlier with strong gains in infrastructure rev
    ** Q1 rev slightly below analysts' expectations of $176.4
mln - IBES Refinitiv data
    ** One of five brokerages rates the stock "buy", rest have a
"hold" recommendation; their median PT is $183
    ** Stock gained 7.1% in 2022
 (Reporting by Shashwat Chauhan in Bengaluru)
 ((Shashwat.Chauhan@thomsonreuters.com))