WASHINGTON (dpa-AFX) - Terex Corp. (TEX) Wednesday reported third-quarter net profit attributable to the company of $36.9 or $0.33 per share, compared to loss of $95.8 million or $0.88 per share last year.
Income from continuing operations for the third quarter was $36.9 million or $0.33 per share, compared to a loss from continuing operations of $90.9 million or $0.84 per share in the third quarter last year.
On an adjusted basis, income from continuing operations for the quarter was $33 million or $0.30 per share, compared to a loss from continuing operations of $35 million or $0.32 per share in the third quarter last year.
On average, ten analysts polled by Thomson Reuters expected earnings of $0.21 per share for the quarter. Analysts' estimates typically exclude one-time items.
Net sales from continuing operations for the quarter were $1.80 billion compared to $1.08 billion in the third quarter last year. Analysts estimated revenues of $1.60 billion for the quarter.
Looking forward, the company anticipates earnings, excluding restructuring and other items, for the fourth quarter to be between $0.20 and $0.25 per share. Analysts currently estimate earnings of $0.29 per share for the quarter.
Terex now expects earnings, excluding restructuring and other items, for the full year to be between $0.43 and $0.48 per share, compared to the prior estimate of between $0.40 and $0.60 per share. Analysts currently estimate earnings of $0.44 per share for the full year.
For full year 2011, the company anticipates net sales for the year to be in the range of $6.3 billion to $6.5 billion. Analysts currently estimate revenues of $6.04 billion for the full year.
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