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Lindsay misses Street 4Q forecasts

OMAHA, Neb. (AP) _ Lindsay Corp. (LNN) on Thursday reported fiscal fourth-quarter net income of $6.3 million.

On a per-share basis, the Omaha, Nebraska-based company said it had net income of 59 cents.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.

The irrigation equipment maker posted revenue of $131.9 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $134.8 million.

For the year, the company reported profit of $23.2 million, or $2.17 per share. Revenue was reported as $518 million.

Lindsay shares have risen 23 percent since the beginning of the year. The stock has increased 30 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LNN at https://www.zacks.com/ap/LNN