By Rick Barrett
Milwaukee Journal Sentinel
Manitowoc Co. (MTW) said this afternoon that its second-quarter net income rose to $133.9 million, or $1.01 a share, from $97.5 million, or 76 cents a share, a year earlier.
Revenue for the company, that makes ships, cranes and ice machines, increased to $1.31 billion from $1.02 billion in the year-ago period. Analysts had expected earnings of 90 cents a share on revenue of $1.23 billion, according to FactSet Research.
Manitowoc revised its 2008 earnings-per-share outlook to $3.30 to $3.40 from $3.20 to $3.40.
The earnings report and earnings guidance were released after the market closed.
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