News For MTW From The Last 14 Days Check below for free stories on MTW the last two weeks.
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February 3, 2010
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| 05:43 EDT |  | MTW |
| | 05:39 EDT | | MTW |
| theflyonthewall.com: | Manitowoc reports Q4 non-GAAP EPS (7c) vs. consensus of 2c | | Reports Q4 revenue $838.7M vs. consensus of $875.41M :theflyonthewall.com |
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January 27, 2010
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| 10:57 EDT |  | MTW |
| theflyonthewall.com: | Caterpillar slides after EPS guidance falls below consensus | | Caterpillar (CAT) reported Q4 EPS of 36c, compared with analysts' consensus estimate of 28c. Excluding redundancy costs, the company's EPS was 41c. However, the company's revenue came in at $7.90B, versus the consensus of $8.11B. Moreover, the construction equipment maker predicted that its FY10 EPS would come in at "about" $2.50 versus the consensus of $2.71, if its revenues come in at the midpoint of its forecast. Caterpillar predicted that its FY10 revenue would increase 10%-25%, compared with 2009 levels. The company said that it continues to see signs of economic improvement, particularly in China and most developing countries. Caterpillar reported that it is also seeing signs of improvement in North America, Europe, and Japan, although these economies remain weak and have not rebounded as quickly as developing countries. Caterpillar added that it had seen a significant increase in demand for mining equipment and improvement in sales of aftermarket service parts. In mid-morning trading, Caterpillar slumped $4.34, or 7.77%, to $51.39. Other construction equipment makers also fell, with Terex (TEX) declining 4.50% to $20.14, while Manitowoc (MTW) fell 2.88% to $11.14 and Deere (DE) dropped 4.28% to $51.12. :theflyonthewall.com |
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