* Q2 adj EPS $0.12 vs est $0.06
* Sales down 12 pct
July 27 Diversified industrial manufacturer
Manitowoc Co Inc (MTW.N) posted better-than-expected quarterly
results, helped by strength at its food services segment.
For the second quarter, net income was $14.1 million, or 11
cents a share, compared with a loss of $12.3 million, or 9
cents a share a year ago.
Excluding items, the company, known for its crawler cranes
and boom trucks, earned 12 cents a share.
Sales fell 12 percent to $876.5 million, but food service
sales rose 11 percent to $424.9 million.
The food services segment now accounts for about half of the
sales for the company whose crane segment has been hit hard by
weak demand as lack of credit has forced construction firms to
cut capital spending on new projects.
Analysts on average had expected earnings of 6 cents a
share, before special items, on revenue of $869.8 million,
according to Thomson Reuters I/B/E/S.
Shares of the company closed at $10.53 Tuesday on the New
York Stock Exchange.
(Reporting by Divya Sharma in Bangalore; Editing by Maju
Samuel) ((firstname.lastname@example.org; within U.S. +1 646
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