Terex Boosts FY24 Outlook - Update

(RTTNews) - While reporting financial results for the third quarter on Wednesday, industrial equipment manufacturer Terex Corp. (TEX) raised its earnings and revenue guidance for the full-year 2024.

For fiscal 2024, the company now projects earnings in a range of $5.85 to $6.25 per share on revenues between $5.0 billion and $5.2 billion. Previously, the company expected earnings in the range of $5.80 to $6.20 per share on revenues between $4.85 billion and $5.05 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $5.87 per share on revenues of $4.98 billion for the year. Analysts' estimates typically exclude special items.

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