Manitowoc shares 5% higher after surprise quarterly profit [MarketWatch]
Manitowoc Company, Inc. (The) (MTW)
Last manitowoc company, inc. (the) earnings: 2/6 04:31 pm
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ir.manitowoc.com/investor-relations/events-and-presentations/events/default.aspx
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Source: MarketWatch
Manitowoc shares 5% higher after surprise quarterly profit Shares of Manitowoc Co. MTW, +1.20% rose nearly 5% late Monday after the crane manufacturer reported a surprise third-quarter profit thanks to a pickup in demand in the U.S. energy and commercial construction markets. Manitowoc said it earned $9.6 million, or 7 cents a share, versus a loss of $141 million, or $1.02 a share, in the year-ago period. Net sales rose to $399.4 million, from $349.8 million a year ago, thanks mostly to increased demand in the U.S., offset by lower demand in the Asia-Pacific market, Manitowoc said. Analysts polled by FactSet had expected a loss of 4 cents a share on sales of $385 million. Shares ended the regular session up 1.2%.
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News
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- The Manitowoc Company, Inc. (MTW) Exceeds Market Returns: Some Facts to Consider [Yahoo! Finance]Yahoo! Finance
MTW
Earnings
- 2/14/24 - Miss
MTW
Sec Filings
- 3/26/24 - Form ARS
- 3/25/24 - Form 4
- 3/25/24 - Form 4
- MTW's page on the SEC website