Terex Corp. (TEX) reported a profit for third quarter that Decreased from last year but beat the Street estimates.
The company's bottom line totaled $65 million, or $0.98 per share. This compares with $88 million, or $1.31 per share, last year.
Excluding items, Terex Corp. reported adjusted earnings of $100 million or $1.50 per share for the period.
Analysts on average had expected the company to earn $1.21 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 14.0% to $1.38 billion from $1.21 billion last year.
Terex Corp. earnings at a glance (GAAP) :
-Earnings: $65 Mln. vs. $88 Mln. last year.-EPS: $0.98 vs. $1.31 last year.-Revenue: $1.38 Bln vs. $1.21 Bln last year.
-Guidance:Full year revenue guidance: $5,300 - $5,500 Mln
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