WASHINGTON (dpa-AFX) - Terex Corp. (TEX) announced a profit for first quarter that decreased from last year but beat the Street estimates.
The company's earnings came in at $21 million, or $0.31 per share. This compares with $109 million, or $1.60 per share, last year.
Excluding items, Terex Corp. reported adjusted earnings of $55 million or $0.83 per share for the period.
Analysts on average had expected the company to earn $0.57 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 4.9% to $1.229 billion from $1.292 billion last year.
Terex Corp. earnings at a glance (GAAP) :
-Earnings: $21 Mln. vs. $109 Mln. last year. -EPS: $0.31 vs. $1.60 last year. -Revenue: $1.229 Bln vs. $1.292 Bln last year.
-Guidance: Full year EPS guidance: $4.70 to $5.10 Full year revenue guidance: $5,300 - $5,500 Mln
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