Investing.com - Manitowoc reported on Monday third quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Manitowoc announced earnings per share of $0.10 on revenue of $454.7M. Analysts polled by Investing.com anticipated EPS of $0.10 on revenue of $489.45M.
Manitowoc shares are up 6% from the beginning of the year, still down 58.03% from its 52 week high of $23.26 set on November 8, 2021.
Manitowoc shares lost 5.43% in after-hours trade following the report.
Manitowoc follows other major Industrials sector earnings this month
Manitowoc's report follows an earnings beat by United Parcel Service on October 25, who reported EPS of $2.99 on revenue of $24.59B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on October 25 with third quarter EPS of $1.21 on revenue of $16.95B, compared to forecast for EPS of $1.14 on revenue of $17.31B.
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