Manitowoc Q2 Profit Declines - Quick Facts

(RTTNews) - The Manitowoc Company Inc. (MTW) reported a second-quarter net earnings of $46.6 million, or $0.34 per share, compared to $57.6 million, or $0.43 per share, in the comparable quarter last year.

Earnings from continuing operations decreased to $46.9 million or $0.34 per share, from $62.1 million or $0.46 per share. Excluding special items, adjusted earnings from continuing operations was $47.8 million, or $0.35 per share, in the second quarter of 2014.

On average, 18 analysts polled by Thomson Reuters expected the company to report profit per share of $0.42 for the quarter. Analysts' estimates typically exclude special items.

Sales decreased 2.3% to $1.01 billion from $1.04 billion. Analysts expected revenue of $1.06 billion for the quarter.