18:08 PMTerex (TEX): Q2 EPS of -$0.78 misses by $0.50. Revenue of $1.3B (-55%) vs. $1.5B. Results include a $0.32/share restructuring charge and $0.08/share SEC penalty. Shares -5.7% AH.
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05:10 AMTerex (TEX): Q1 EPS of -$0.47 vs. consensus of -$0.08. Revenue of $1.3B (-44.9%) vs. $1.55B. "The turmoil from the global credit crisis and economic slowdown has quickly and deeply impacted sales for our industry, with certain sectors down almost 75% from year ago levels. In response, we are aggressively reducing costs... " Shares -7% AH. (PR) (-from Tues. evening)
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18:26 PMTerex (TEX): Q4 EPS of $0.62 beats by $0.01. Revenue of $2.08B (-19.7%) vs. $2.28B. Sees 2009 revenue down 30-35%. General hiring freeze; headcount reductions; eliminating salary increases in 2009 for management; significant reductions in executive long-term compensation. Shares -17.8% AH. (PR)
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