Lindsay Posts $11.3M Fiscal Q4 Net Income
LNN is trading near its 52-week low of $97.27 (9.6% above the low).
Summary
Lindsay reported fiscal fourth-quarter net income of $11.3 million, with EPS of $1.10 and revenue of $161.6 million. The print lands minutes after the company's 8-K, which showed Q4 revenue and operating income ahead of the prior year while full-year EPS fell 21% and management issued a soft outlook. The headline gives the bottom line only, so the read hinges on whether the $11.3M net figure holds up against the year-ago quarter and the guidance cut already flagged in the filing. Net income is the number traders will anchor on, but the forward outlook carries more weight for the stock than the quarter itself.
At the time of this announcement, LNN was trading at $106.59 on NYSE in the Manufacturing sector, with a market capitalization of approximately $1.1B. The 52-week trading range was $97.27 to $148.00. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.