Terex: Q3 Earnings Snapshot

NORWALK, Conn. (AP) — NORWALK, Conn. (AP) — Terex Corp. (TEX) on Wednesday reported third-quarter earnings of $114 million.

The Norwalk, Connecticut-based company said it had net income of $1 per share. Earnings, adjusted for one-time gains and costs, came to $1.50 per share.

The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.

The machinery products maker posted revenue of $2.2 billion in the period, also exceeding Street forecasts. Nine analysts surveyed by Zacks expected $2.17 billion.

Terex expects full-year earnings in the range of $4.80 to $5 per share, with revenue in the range of $8 billion to $8.2 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TEX at https://www.zacks.com/ap/TEX