Columbus McKinnon Shares Rally 16% After Earnings Beat and Outlook Boost
Columbus McKinnon reported fiscal second-quarter adjusted earnings and sales ahead of Wall Street expectations and raised its growth projections. Shares rose 16% to $18.23 premarket.
By Rob CurranShares of Columbus McKinnon were higher after the maker of hoisting machinery posted fiscal second-quarter adjusted earnings and sales ahead of Wall Street expectations and boosted its growth projections as a recent acquisition proved accretive.The company's stock rose 16% at $18.23 in…