Terex Share Price Decreases 4% Despite Reporting Earnings Beat in Q3
Shares of Terex Corporation TEX have lost 4% since it reported third-quarter 2024 results on Oct. 30, 2024, despite an earnings beat. Investors seem to be worried about the year-over-year declines in its top and bottom lines, reflecting lower end-market demand in Europe. TEX reported adjusted earnings per share of $1.46, which beat the Zacks Consensus Estimate of $1.27. The bottom line fell 17% from the prior-year quarter.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
Revenues in the quarter fell 6% year over year to $1.2 billion, which surpassed the Zacks Consensus Estimate of $1.14 billion. The company witnessed lower-than-expected volumes.
Terex…
