Manitowoc Co Q2 Adj $0.25 Misses $0.49 Estimate, Sales $562.10M Miss $598.09M Estimate
Portfolio Pulse from Benzinga Newsdesk
Manitowoc Co (NYSE:MTW) reported Q2 earnings of $0.25 per share, missing the analyst estimate of $0.49 by 48.98%. Sales were $562.10M, below the $598.09M estimate and down 6.75% from last year.
August 07, 2024 | 9:36 pm
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NEGATIVE IMPACT
Manitowoc Co reported Q2 earnings of $0.25 per share, missing the analyst estimate of $0.49 by 48.98%. Sales were $562.10M, below the $598.09M estimate and down 6.75% from last year.
The significant miss on both earnings and sales compared to analyst estimates, along with a year-over-year decline, is likely to negatively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100