Manitowoc Poised To Gain On Product Innovation & Cost Control
Zacks Investment Research | Nov 12, 2019 08:48PM ET
On Nov 12, we issued an updated research report on The Manitowoc Company Inc. (NYSE:MTW) . The company is well poised to benefit from product innovation, solid after-market business, persistent focus on cost control, improving productivity and pricing actions.
Solid Q3 Results, Upbeat 2019 Outlook
Manitowoc reported third-quarter 2019 adjusted earnings per share of 54 cents, beating the Zacks Consensus Estimate of 33 cents by a margin of 63.6%. The company had reported earnings per share of 20 cents in the prior-year quarter. The solid quarterly results were driven by continued operational improvements and margin expansion.
Following the impressive third-quarter 2019 results, Manitowoc’s shares have gained 14% compared with the Original post
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