Manitex International Q1 Adj $0.17 Beats $0.06 Estimate, Sales $73.34M Beat $73.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Manitex International (NASDAQ:MNTX) reported Q1 adjusted earnings of $0.17 per share, surpassing the $0.06 estimate, a 183.33% beat, and a 142.86% increase from last year's $0.07. Q1 sales were $73.34M, slightly above the $73.20M estimate, marking an 8.06% increase from the previous year's $67.87M.
May 02, 2024 | 10:03 am
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POSITIVE IMPACT
Manitex International reported a significant beat on Q1 earnings and sales, indicating strong performance and growth.
The substantial beat on both earnings per share and sales compared to analyst estimates, coupled with significant year-over-year growth, suggests a positive outlook for Manitex International. This performance could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100