Manitex International Q2 Adj EPS $0.11 Up From $0.08 YoY, Sales $76.23M Up From $73.53M YoY
Portfolio Pulse from totan@benzinga.com
Manitex International (NASDAQ:MNTX) reported a 37.5% increase in Q2 adjusted EPS to $0.11, up from $0.08 YoY. Sales also rose by 3.67% to $76.23 million from $73.53 million YoY.
August 07, 2024 | 10:08 am
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POSITIVE IMPACT
Manitex International reported a significant 37.5% increase in Q2 adjusted EPS to $0.11, along with a 3.67% rise in sales to $76.23 million. This positive earnings report is likely to boost investor confidence and could lead to a short-term increase in the stock price.
The significant increase in both EPS and sales indicates strong financial performance, which is likely to positively impact the stock price in the short term. The 37.5% rise in EPS is particularly noteworthy and should attract investor attention.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100