Lindsay Corporation (NYSE:LNN) reported results for its fiscal second quarter ended February 28, 2011. Second quarter fiscal 2011 revenues of $120.2 million increased 41 percent from $85.2 million in the same prior year period. Net earnings were $11.3 million or $0.89 per diluted share compared with $6.0 million or $0.48 per diluted share, in the prior fiscal year’s second quarter. Gross margin was 28.3 percent compared to 26.0 percent in the prior year’s second quarter. Infrastructure margins were higher primarily due to increased revenues of higher margin QMBÂ® product. Irrigation margins were comparable to the same prior year period after eliminating the benefit realized from Nebraska’s state economic development incentive wage and investment credits included in last fiscal year’s second quarter margins.
Lindsay manufactures and markets irrigation equipment primarily used in agricultural markets which increase or stabilize crop production while conserving water, energy, and labor.
Force Energy Corporation (OTCBB:FORC) is a Lithium and Hydrocarbon Exploration and Development Company based in Denver, Colorado. FORC plans to explore and develop its Zoro 1 Lithium property located in the Snow Lake area of west-central Manitoba, Canada. Drill-indicated lithium mineralization on our Zoro 1 property coupled with data from channel samples in one blasted trench gives a total undiluted tonnage of 1,727,550 tons grading 0.945% lithium dioxide. FORC also maintains a 50% working interest in the Hayter Well, located in Alberta, Canada.
Force Energy yesterday announced plans to commence a two-phase exploration program on the Zoro 1 property in the Snow Lake area of west-central Manitoba, Canada. The Zoro property hosts seven rare metal spodumene-bearing pegmatite dykes, six of which have received only cursory exploration. ( Read More http://crweselect.com/22659/stock-alerts/lnn-forc-lltc-lton-stock-market... )