Strong results give Lindsay a boost
Jon "DRJ" Najarian | [email protected]
Lindsay, a provider of irrigation equipment, earned $1.50 a share in its second quarter on revenue of $175.5 million. The Street only anticipated $1.30 and $163.3 million, respectively. Its backlog also nearly doubled to $159 million. LNN climbs 4 percent before the bell on my tradeMONSTER platform.
Francesca's Investors Selling Shares
Francesca's Holdings announced some of its major shareholders, including members of management, will sell 7.39 million shares. That represents roughly one-fifth of the float. FRAN drops 5 percent in the premarket.
Mattress Firm Higher on Revenue Guidance
Mattress Firm reported weak fourth-quarter earnings, but it projected 2013 revenue of $1.24 billion to $1.25 billion. That's better than the $1.21 billion expected by analysts, and MFRM climbs 3 percent in early trading.