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Terex (NYSE:TEX) -12.5% premarket after issuing downside EPS guidance for Q2 and FY 2013, citing...

Jun. 17, 2013 8:46 AM ETTerex Corporation (TEX) StockTEXBy: Carl Surran, SA News Editor

Terex (NYSE:TEX) -12.5% premarket after issuing downside EPS guidance for Q2 and FY 2013, citing a softer marketplace for its construction, material handling and port solutions, and cranes operations. TEX sees Q2 EPS of $0.50-$0.60 vs. $0.82 consensus estimate and FY13 EPS of $1.90-$2.10 vs. $2.56 consensus and below its prior guidance of $2.40-$2.70.

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