ServiceSource and The Manitowoc Company Disappoint on Earnings


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NYSE:MTW / NASDAQ:SREV / PK:ZDPY / OTC:BB:BLUU
05/05/2014 [ACCESSWIRE]

The Manitowoc Company, Inc. (NYSE: MTW) - For an in-depth report on The Manitowoc Company, Inc. follow: www.BullTrends.com/stockquote/MTW

Shares of MTW closed down 10.16% on Friday with about 11.4 million shares traded. The stock was one of the biggest decliners on the NYSE. The company reported adjusted earnings from continuing operations of 17 cents per share, a year-over-year increase of 55% aided by sound performance in the Foodservice segment and new product introductions. Unfortunately the bottom line fell short of the Zacks Consensus Estimate of 22 cents.

ServiceSource International, Inc. (NASDAQ: SREV) - For an in-depth report on ServiceSource International, Inc. follow: www.BullTrends.com/stockquote/SREV

Shares of ServiceSource closed down nearly 33% on about 17 million shares traded. The stock was one of the biggest decliners on the NASDAQ and even hit a new yearly low of $3.99 during intra-day trading. The company missed analysts' estimates for earnings and revenue in the first quarter, and also got a downgrade from analyst firm CLSA.

Zoned Properties Inc. (OTC: ZDPY) - For an in-depth report on Zoned Properties Inc. follow: www.BullTrends.com/stockquote/ZDPY

Shares of Zoned Properties closed down 41.58% on about 300,000 shares traded on Friday. The stock was one of the biggest decliners in the OTC marketplace. The company announced plans to do a 1:120 reverse stock split. Paperwork has already been filed with FINRA and the company expects it to go into effect within ten days.

Blue Water Global Group, Inc. (OTCBB: BLUU) - For an in-depth report on Blue Water Global Group, Inc. follow: www.BullTrends.com/stockquote/BLUU

Shares of BLUU closed down 14.63% on about 9.2 million shares traded on Friday. The stock was a big decliner in the OTCBB market after the company announced that it has executed a Letter of Intent to acquire a significant equity position with Next Level Hockey, LLC, a privately held company seeking a public listing on the OTC Bulletin Board. This will be the second such equity investment in a private company making the transition to a publicly traded company.

 

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