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Terex Q1 Profit Edges Up

Terex Corp. (TEX) reported a slight rise in profit for $23.9 million or $0.21 per share, compared to $23.0 million or $0.20 per share for the year-ago quarter.

Income from continuing operations for the current quarter was $34.6 million compared to $30.4 million in the prior year quarter.

Excluding items, adjusted income from continuing operations was $26.7 million or $0.23 per share.

Meanwhile, net sales for the fourth quarter fell to $1.72 billion from $1.81 billion a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.28 per share on revenue of $1.83 billion for the first quarter. Analysts' estimates typically exclude special items.

by RTTNews Staff Writer

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