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Construction machinery maker Terex (TEX -5.3%) gets hit after beating on its Q3 EPS report but...

  • Thursday, October 25, 2012, 2:41 PM ET
    Construction machinery maker Terex (TEX -5.3%) gets hit after beating on its Q3 EPS report but coming up short on revenue earlier this morning. Profit declined 18% Y/Y as sales weakened in its construction and cranes segments. CEO Ron DeFeo notes that macroeconomic events have created near-term softening of demand and uncertainty in many of its business segments. As a result, the company now expects full-year revenue to come in at the low end of its guidance.
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    Earnings though are expected to top estimates even before accounting for the company routinely beating estimates by a huge margin.
    25 Oct 2012, 02:44 PM Reply Like
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