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Today’s Big Losers: LNN, NKE
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Today’s Big Losers: LNN, NKE
Lindsay Corporation (LNN), a maker of irrigation equipment and infrastructure products, reported lower-than-expected first-quarter profit.  The company cited lower sales of its key infrastructure product for the disappointing results, with the CEO stating that, "The overall outlook for infrastructure spending remains uncertain with a multi-year US highway bill not expected until sometime in 2011 and global governmental budget constraints." Net income was $4.3 million, or 34 cents a share, versus $6.7 million, or 53 cents a share, in the same period last year.
Video Length: 0
Date Found: December 23, 2010
Date Produced: December 22, 2010
View Count: 0
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