Terex Beats Estimates, Guides Strong Year

0:00Terrick's corp out of Norwalk Connecticut just dropped their first quarter numbers, and it's a mixed bag. They posted an overall loss of $89 million, or 93 cents per share. But when you strip out the one-time stuff, adjusted earnings came in at 98 cents per share. That beat will Wall Street was expecting by a solid margin. Analysts from Zack's figured on just 78 cents per share. Revenue hit $1.73 billion, topping the $1.7 billion forecast from nine experts. As a machinery maker, Terrick's is feeling the ups and downs of the market, but investors seem pleased with the outperformance. No big reactions yet, though shares might get a bump from beating estimates. Looking ahead, the company got it full-year earnings between $4.50 and $5 per share. Revenue Outlook sits at $7.5 billion to $8.1 billion. Solid beats like this keep Terrick's in the game, positioning them strong for the year ahead.

1:00From your city, powered by AI, this is Hartford News today. I'm Corey with The Story.