Terex Corp. Bottom Line Rises In Q3, but misses estimates

Terex Corp. (TEX) announced earnings for its third quarter that rose from last year.

The company's bottom line came in at $47.5 million, or $0.67 per share. This compares with $22.0 million, or $0.31 per share, in last year's third quarter.

Analysts had expected the company to earn $0.72 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 29.8% to $993.8 million from $765.6 million last year.

Terex Corp. earnings at a glance:

-Earnings (Q3): $47.5 Mln. vs. $22.0 Mln. last year.
-EPS (Q3): $0.67 vs. $0.31 last year.
-Analysts Estimate: $0.72
-Revenue (Q3): $993.8 Mln vs. $765.6 Mln last year.

Full year EPS guidance: $2.75 to $2.85

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