Terex: 2Q Earnings Snapshot
WESTPORT, Conn. (AP) _ Terex Corp. (TEX) on Tuesday reported second-quarter earnings of $57.8 million.
The Westport, Connecticut-based company said it had profit of 75 cents per share. Earnings, adjusted for one-time gains and costs, came to 98 cents per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share.
The machinery products maker posted revenue of $1.4 billion in the period, meeting Street forecasts.
Terex expects full-year earnings in the range of $2.80 to $3 per share.
Terex shares have declined 8.5 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $44.13, a climb of 12 percent in the last 12 months.