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Stock impact report

Q4 Earnings Highlights: Manitowoc (NYSE:MTW) Vs The Rest Of The Construction Machinery Stocks [Yahoo! Finance]

Manitowoc Company, Inc. (The) (MTW) 
Last manitowoc company, inc. (the) earnings: 2/6 04:31 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Automation that increases efficiencies and connected equipment that collects analyzable data have been trending, creating new sales opportunities for construction machinery companies. On the other hand, construction machinery companies are at the whim of economic cycles. Interest rates, for example, can greatly impact the commercial and residential construction that drives demand for these companies' offerings. The 4 construction machinery stocks we track reported a slower Q4. As a group, revenues missed analysts' consensus estimates by 1.4%. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 11.1% since the latest earnings results. Contracted by the United States Navy during WWII, Manitowoc (NYSE:MTW) provides cranes and lifting equipment. Manitowoc reported revenues of $596 million, flat year on year. This print was in line with analysts' expectations, but overall, it was a slower quarter for the company with a significant mi Show less Read more
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