Manitowoc Company Inc. Q3 adjusted earnings Beat Estimates

(RTTNews) - Manitowoc Company Inc. (MTW) released earnings for its third quarter that advanced from last year.

The company's profit came in at $11.5 million, or $0.32 per share. This compares with $9.6 million, or $0.27 per share, in last year's third quarter.

Excluding items, Manitowoc Company Inc. reported adjusted earnings of $7.3 million or $0.20 per share for the period.

Analysts had expected the company to earn $0.10 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 12.7% to $450.1 million from $399.4 million last year.

Manitowoc Company Inc. earnings at a glance:

-Earnings (Q3): $7.3 Mln. vs. $13.3 Mln. last year. -EPS (Q3): $0.20 vs. $0.37 last year. -Analysts Estimate: $0.10 -Revenue (Q3): $450.1 Mln vs. $399.4 Mln last year.