Manitowoc Company Inc. Reveals 59% Advance In Q4 Profit

(RTTNews) - Manitowoc Company Inc. (MTW) revealed a profit for its fourth quarter that advanced from last year.

The company said its bottom line rose to $59.7 million, or $0.43 per share. This was up from $37.5 million, or $0.27 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.21 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 10.6% to $0.93 billion. This was down from $1.04 billion last year.

Manitowoc Company Inc. earnings at a glance:

-Earnings (Q4): $59.7 Mln. vs. $37.5 Mln. last year. -Earnings Growth (Y-o-Y): 59.2% -EPS (Q4): $0.43 vs. $0.27 last year. -EPS Growth (Y-o-Y): 59.3% -Analysts Estimate: $0.21 -Revenue (Q4): $0.93 Bln vs. $1.04 Bln last year. -Revenue Change (Y-o-Y): -10.6%