Manitowoc Co. Inc. (NYSE: MTW) blamed sluggish demand for forecasting first quarter results that fall far short of estimates, withdrawing its guidance for 2009 and warning that it may be in violation of its debt covenants. The stock price plummeted $1.54 to close at $3.07.
Manitowoc Withdraws Guidance, Warns Of Debt Violation
March 30, 2009 at 17:03 PM EDT
