Terex Q4 Profit Down

(RTTNews) - Terex Corp (TEX), Tuesday reported fourth-quarter net income of $80.0 million or $0.71 per share, down from $86.4 million or $0.74 per share last year.

Adjusted earnings for the quarter were $0.72 per share, up from $0.65 per share last year.

Net sales for the quarter dropped to $1.79 billion from $1.81 billion last year.

Analysts polled by Thomson Reuters estimated earnings of $0.68 per share on revenues of $1.85 billion for the quarter. Analysts' estimates typically exclude special items.

Looking forward, the company expects 2015 adjusted earnings per share between $2.00 and $2.30 per share on net sales of between $6.2 billion and $6.6 billion. Analysts currently estimate earnings of $2.60 per share on revenues of $7.24 billion for the quarter.