Hyster-Yale (HY) shares were falling 9% in early trading Tuesday after the company reported Q3 earnings and revenue that fell below analysts' forecasts.
The company reported Q3 earnings Tuesday of $0.97 per diluted share, down from $2.06 a year earlier.
Two analysts polled by Capital IQ expected $1.97.
Revenue for the quarter ended Sept. 30 was $1.02 billion, up from $1 billion a year earlier.
Two analysts surveyed by Capital IQ expected $1.06 billion.
Price: 57.00, Change: -5.68, Percent Change: -9.06
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