Terex: Q2 Earnings Snapshot
By AP News
Published - Jul 31, 2024, 03:26 AM ET
Last Updated - Jul 31, 2024, 03:26 AM EDT
NORWALK, Conn. (AP) — NORWALK, Conn. (AP) — Terex Corp. (TEX) on Tuesday reported second-quarter profit of $140.7 million.
On a per-share basis, the Norwalk, Connecticut-based company said it had profit of $2.08. Earnings, adjusted for non-recurring costs and severance costs, were $2.16 per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.03 per share.
The machinery products maker posted revenue of $1.38 billion in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $1.41 billion.
