The Traderszone Network

Published in TZ Latest News 1 November, 2016 by The TZ Newswire Staff

Hyster-Yale Takes a Big Hit on Its Bottom Line

Sometimes, focused businesses do best, and Hyster-Yale Materials Handling (NYSE: HY) has concentrated on helping customers move their inventory with its forklift products. The problem with that type of business is that it depends on the health of its industrial customer base, and coming into Tuesday’s third-quarter financial report, Hyster-Yale investors expected that earnings would fall substantially even if revenue managed to post modest growth.

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