Terex: Q4 Earnings Snapshot

Associated Press Finance
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NORWALK, Conn. (AP) — NORWALK, Conn. (AP) — Terex Corp. (TEX) on Thursday reported fourth-quarter profit of $126.9 million.

The Norwalk, Connecticut-based company said it had profit of $1.86 per share. Earnings, adjusted for one-time gains and costs, came to $1.41 per share.

The results met Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was also for earnings of $1.41 per share.

The machinery products maker posted revenue of $1.22 billion in the period, which also met Street forecasts.

Terex expects full-year earnings to be $6.85 to $7.25 per share, with revenue in the range of $5.1 billion to $5.3 billion.

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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

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