Columbus McKinnon (CMCO) Sales Fall 9.4%

Columbus McKinnon Corporation CMCO announced on Thursday morning that it beat consensus Wall Street earnings estimates. Columbus McKinnon Corporation reported that its fiscal 4th quarter net income fell to $2 million, or 10 cents per share, down from $3.2 million, or 17 cents per share, a year earlier. The company reported that its net sales fell 9.4% to $123.0 million. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for Columbus McKinnon Corporation to report earnings of 6 cents per share.