WBAG:PALMachinery
Palfinger (WBAG:PAL) Stock Slides As Earnings Pressure Margins
Palfinger heads into this earnings season with the stock under pressure. The share price is down about 16% over the past three months and closed at €29.85 on 28 July. The headline from Q2 is margin grind. Revenue sat at €604.1m while net income was €23.3m, which implies a thin profit layer for a capital intensive lifting equipment business.
Short term traders are reacting to a stock that has drifted lower. Long term investors are weighing that margin squeeze against a full year picture of...