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Terex (TEX) roars 23% higher following its Q2 EPS beat and increase in FY guidance. Swings to...
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Thursday, July 26, 2012, 10:47 AM ETTerex (TEX) roars 23% higher following its Q2 EPS beat and increase in FY guidance. Swings to net profit of $85.9M from loss of $0.5M a year earlier. 12-months orders backlog +18% to $2.08B. Now expects FY EPS of $1.95-$2.05 vs. $1.65-$1.85 prior and consensus of $1.76. Forecasts revenue of $7.5B-$7.8B vs. $7.5B-$8B prior and consensus of $7.93B.
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