Shares of Columbus McKinnon (NASDAQ:CMCO) are trading over 20% down premarket on Tuesday after the company missed Wall Street expectations for its third quarter results. Brokerage D.A. Davidson downgraded the stock to Neutral from Buy,

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Reports Q3 revenue $234.1M, consensus $251.76M. “The second half of our third quarter saw a slowing of industry demand. This was driven by

Columbus McKinnon Corporation (Nasdaq: CMCO) ("Columbus McKinnon " or the "Company"), a leading designer, manufacturer

CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Columbus McKinnon Corp. (CMCO) on Monday reported fiscal third-quarter profit of $4 million. On a per-share basis, the Charlotte, North Carolina-based company said it had profit of 14 cents. Earnings, adjusted for amortization costs and non-recurring costs, came to 56 cents per share.

DA Davidson downgraded Columbus McKinnon (CMCO) to Neutral from Buy with a $35 price target after the company reported fiscal Q3 sales, EBITDA

Rustowicz Kristine Moser EVP Finance and CFO VP IR and Treasurer Columbus McKinnon Corporation Columbus McKinnon Corporation 716-689-5442 704-322-2488 greg.rustowicz@cmco.com kristy.moser@cmco.com ----------------------------- ----------------------------- Financial tables follow.

DA Davidson analyst Matt Summerville adjusted the firm's stance on Columbus McKinnon (NASDAQ:CMCO), shifting the rating from Buy to Neutral and setting a price target of $35.00. According to InvestingPro data,

Columbus McKinnon (CMCO) came out with quarterly earnings of $0.56 per share, missing the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.74 per share a year ago. These figures are adjusted for non-recurring items.