Investing.com - Terex reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Terex announced earnings per share of $-0.35 on revenue of $833.6M. Analysts polled by Investing.com anticipated EPS of $-0.05 on revenue of $861.69M. That with comparison to EPS of $0.87 on revenue of $1.14B in the same period a year before.Terex had reported EPS of $0.36 on revenue of $885M in the previous quarter.Analysts are expecting EPS of $-0.22 and revenue of $778.03M in the upcoming quarter.
Terex shares are down 48.99% from the beginning of the year and are trading at $15.19 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% year to date.
Terex follows other major Capital Goods sector earnings this month
Terex's report follows an earnings missed by ASML ADR on Wednesday, April 15, 2020, who reported EPS of $0.93 on revenue of $2.44B, compared to forecasts EPS of $1.47 on revenue of $3.17B.
Lockheed Martin had beat expectations on Tuesday, April 21, 2020 with first quarter EPS of $6.08 on revenue of $15.65B, compared to forecast for EPS of $5.81 on revenue of $15.08B.
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