BUZZ-Lindsay falls after Q2 revenue miss
Lindsay Corporation +1.21% Post
Lindsay Corporation LNN | 108.14 108.14 | +1.21% 0.00% Post |
** Irrigation and infrastructure company Lindsay Corp LNN.N shares dip 5.7% to $110.50 pre-market
** The firm reports Q2 revenue of $157.70 mln, below consensus of $171.39 mln according to data compiled by LSEG
** "U.S. market conditions continue to put pressure on commodity prices and constrain demand for irrigation equipment," says LNN President and CEO Randy Wood
** Credit availability constraints, persistent high interest rates in Brazil led to lower orders, company says
** Adds that infrastructure revenue fell as a large Road Zipper System project from the prior year did not repeat
** As of last close, stock down 0.61% YTD
