Manitex International Q3 2023 Adj. EPS $0.14 Beats $0.05 Estimate, Sales $71.33M Beat $67.48M Estimate
Portfolio Pulse from vinayak@benzinga.com
Manitex International's Q3 2023 adjusted EPS of $0.14 beat the estimate of $0.05 by 180%. The company's quarterly sales of $71.33M also surpassed the estimate of $67.48M by 5.71%. Both earnings and sales show an increase compared to the same period last year.
November 02, 2023 | 10:03 am
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POSITIVE IMPACT
Manitex International reported a Q3 2023 adjusted EPS of $0.14, beating estimates, and sales of $71.33M, also beating estimates. This could positively impact the company's stock.
Manitex International's Q3 2023 earnings and sales have both exceeded estimates, which is typically a positive signal for the company's stock. Investors may react positively to this news, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100