WASHINGTON (dpa-AFX) - Terex Corp. (TEX) released a profit for its third quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $119.2 million, or $1.75 per share. This compares with $81.8 million, or $1.20 per share, in last year's third quarter.
Analysts on average had expected the company to earn $1.72 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 15.2% to $1.29 billion from $1.12 billion last year.
Terex Corp. earnings at a glance (GAAP) :
-Earnings (Q3): $119.2 Mln. vs. $81.8 Mln. last year. -EPS (Q3): $1.75 vs. $1.20 last year. -Analyst Estimate: $1.72 -Revenue (Q3): $1.29 Bln vs. $1.12 Bln last year.
-Guidance: Full year EPS guidance: $7.05 Full year revenue guidance: $5,150 Mln
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