MTW -- The Manitowoc Company Message Board

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Technology Stocks : MTW -- The Manitowoc Company

MTW 10.32

-7.7%

Oct 30 3:59 PM EDT

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To: tonto who wrote (34)	7/12/1999 11:20:00 AM
From: tonto	Read Replies (1) of 62

Monday July 12, 10:58 am Eastern Time Manitowoc rallies after Q2 beats expectations CHICAGO, July 12 (Reuters) - Shares of Manitowoc Co. Inc. (NYSE:MTW - news) rallied 7 percent Monday after the company, which makes construction cranes, food service equipment and ships, posted better-than-expected second quarter earnings. In morning trade on the New York Stock Exchange, Manitowoc shares gained 2-13/16 to 42-7/8, just off a new 52-week high of 43. The shares trade on the New York Stock Exchange. Earlier, the Manitowoc, Wis. company reported second quarter earnings of $21 million or $0.80 a share, up 36 percent from $15.4 million or $0.59 a share in the second quarter of 1998. According to First Call, analysts expected the company to earn $0.76 a share in the period. Net sales increased 20 percent to $226.3 million in the second quarter from $188.8 million...

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