Lindsay Corp rises on Q2 profit beat

Lindsay

04/04/2024 15:43

** Shares of agricultural equipment maker Lindsay Corp
 LNN.N  up 1.4% at $117 
    ** Posts Q2 profit of $18.12 mln vs profit of $18.05 mln
last year
    ** Reports Q2 profit of $1.64 per share, compared to
analysts' estimate of $1.56 - LSEG data
   ** "Demand for irrigation equipment in North America remained
stable during our second quarter and in line with our
expectations"- CEO Randy Wood
    ** Including session's losses, stock is down 12.2% YTD


 (Reporting by Atharva Singh in Bengaluru)
 ((Atharva.singh@thomsonreuters.com))