Terex (TEX) roars 23% higher following its Q2 EPS beat and increase in FY guidance. Swings to...

|About: Terex Corporation (TEX)|By:, SA News Editor

Terex (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.