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Terex: 3Q Earnings Snapshot

·1 min read

WESTPORT, Conn. (AP) _ Terex Corp. (TEX) on Tuesday reported third-quarter net income of $5.8 million.

On a per-share basis, the Westport, Connecticut-based company said it had net income of 8 cents. Earnings, adjusted to account for discontinued operations, were 31 cents per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.

The machinery products maker posted revenue of $765.6 million in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $756.5 million.

Terex shares have declined 16% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $24.96, a drop of 15% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TEX at https://www.zacks.com/ap/TEX