NEW YORK (TheStreet) -- Shares of Manitowoc  (MTW - Get Report)  were tumbling 13.30% to $5.02 in after-hours trading on Monday as the company posted lower-than-expected 2016 second-quarter revenue after today's closing bell. 

Manitowoc reported in-line earnings of 4 cents per share and $457.7 million in revenue, which fell short of analysts' estimated $463.98 million. 

Last year, the Manitowoc, WI-based capital goods manufacturer posted earnings of 14 cents per share on $463.98 million in revenue for the second quarter.

"During the second quarter, our sales were further impacted by a challenging market environment on a number of levels, particularly in Mobile cranes in the Americas," Manitowoc CEO Barry L. Pennypacker said in a statement. "This weakness was in part offset by strength in Tower cranes."

Pennypacker added that he expects to see market challenges continue with similar sales numbers due to weakness in mobile cranes. As a result, the company lowered its full-year revenue guidance to a drop of between 10% and 12%. 

Manitowoc specializes in products for the food service and construction industries, including crawler and mobile telescopic cranes. 

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:

We rate MANITOWOC CO as a Hold with a ratings score of C. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity.

You can view the full analysis from the report here: MTW 

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