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Manitowoc Company stock price
Manitowoc Company latest news:
Manitowoc shares jump 8% after company posts GAAP profit
Manitowoc Co. shares rose more than 8% late Thursday after the maker of cranes and other machinery swung to a GAAP profit in the third quarter and quarterly sales came in above expectations. Manitowoc said it earned $35.3 million, or 97 cents a share, in the quarter, versus a loss of $33.4 million, or 96 cents a share, in the year-ago period. Net sales rose to $481.5 million, from $378.2 million in the year-ago period. The company pinned it mostly in increased demand for its products in the U.S. and Europe. Analysts polled by FactSet had expected the company to report a GAAP loss of 7 cents a share on sales of $423 million in the quarter.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-The Manitowoc Q4 GAAP Earnings Per Share $0.97
Manitowoc Company Inc: * THE MANITOWOC COMPANY REPORTS FOURTH-QUARTER AND FULL-YEAR 2017 FINANCIAL RESULTS AND FULL-YEAR 2018 GUIDANCE. * Q4 ADJUSTED NON-GAAP LOSS PER SHARE $0.15 FROM CONTINUING OPERATIONS. * Q4 EARNINGS PER SHARE $0.98 FROM CONTINUING OPERATIONS. * Q4 SALES $481.5 MILLION VERSUS $378.2 MILLION.
BRIEF-Manitowoc Says On Dec 11, Court Ruled In Co's Favor In Its Trade Secrets Misappropriation Lawsuit Against Sany Regarding Manitowoc's VPC Technology
* MANITOWOC - ON DEC 11, COURT RULED IN CO'S FAVOR IN ITS
SECRETS MISAPPROPRIATION LAWSUIT AGAINST SANY REGARDING
MANITOWOC'S VPC TECHNOLOGY
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