Terex Corp. (TEX) released earnings for first quarter that beat the Street estimates.
The company's bottom line totaled $108.5 million, or $1.60 per share. This compares with $109.9 million, or $1.60 per share, in last year's first quarter.
Analysts on average had expected the company to earn $1.37 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 4.0% to $1.29 billion from $1.24 billion last year.
Terex Corp. earnings at a glance (GAAP) :
-Earnings (Q1): $108.5 Mln. vs. $109.9 Mln. last year.
-EPS (Q1): $1.60 vs. $1.60 last year.
-Revenue (Q1): $1.29 Bln vs. $1.24 Bln last year.
-Guidance:
Full year EPS guidance: $6.95 - $7.35
Full year revenue guidance: $5,200 - $5,400 Mln
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