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