Manitowoc Company (MTW)

[detearing]

UPDATE: The Manitowoc Company Now Up 9% to Five-Year High - Tops Q4 and FY13 EPS Estimates 01/31 07:47 AM



10:47 AM EST, 01/31/2014 (MT Newswires) -- The Manitowoc Company (MTW:$28.3501,$3.5901,14.50%) is extending its gains from Thursday's after hours, and earlier hit a new five-year high after reporting mixed results for Q4 and better-than-expected EPS and revenues for FY13.
Shares are up 11.83% at $27.69 after reaching $27.97 - its highest level since June 2008.
The multi-industry, capital goods manufacturer said FY13 sales were $4 billion versus estimates Bloomberg estimates for $4.1 billion. Adjusted EPS were $1.45, above forecasts for $1.26.
Adjusted Q4 EPS were $0.47, above estimates for $0.34. Sales were $1.1043 billion, compared with estimates for $1.1 billion.
Price: 27.69, Change: +2.93, Percent Change: +11.83


Get more news on:SYMBOLS: MTWNEWS TYPE: Company News, Earnings News, Earnings ReleaseSECTORS: Industrials, Machinery, Materials, Metals and Mining