The Manitowoc Company Reports Third-Quarter Financial Results Consistent with Previously Announced Preliminary Third-Quarter Results

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Manitowoc (MTW) Misses Q3 EPS by 3c

November 1, 2016 5:21 PM EDT

Manitowoc (NYSE: MTW) reported Q3 EPS of ($0.28), $0.03 worse than the analyst estimate of ($0.25). Revenue for the quarter came in at $349.8 million versus the consensus estimate of $346.47 million.

Fourth-Quarter 2016 Guidance:

Revenue down approximately 25% to 30% year-over-year;Margin on non-GAAP adjusted operating loss(1) approximately (4)% to (6)%;Depreciation approximately... More