Stock Track | Lindsay Soars 5.04% Intraday on Q1 EPS Beat and Share Repurchases
Stock Track01-08
Lindsay Corporation's (LNN) stock surged 5.04% during the intraday session on Thursday, driven by better-than-expected earnings and a significant share repurchase program.
The company reported Q1 earnings per share (EPS) of $1.54, surpassing the FactSet estimate of $1.47. Despite a revenue miss of $155.8 million compared to the expected $166.8 million, the EPS beat and the completion of $30 million in share repurchases during the quarter have bolstered investor confidence. The operating margin remained steady at 12.6%, reflecting stable profitability.
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