Terex Corp. Bottom Line Falls 6% In Q3

(RTTNews) - Terex Corp. (TEX) revealed earnings for third quarter that fell from last year.

The company said its bottom line dropped to $63.4 million, or $0.58 per share. This was lower than $67.8 million, or $0.59 per share, in last year's third quarter.

Analysts had expected the company to earn $0.62 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 9.4% to $1.64 billion. This was down from $1.81 billion last year.

Terex Corp. earnings at a glance:

-Earnings (Q3): $63.4 Mln. vs. $67.8 Mln. last year. -Earnings Decline (Y-o-Y): -6.5% -EPS (Q3): $0.58 vs. $0.59 last year. -EPS Decline (Y-o-Y): -1.7% -Analysts Estimate: $0.62 -Revenue (Q3): $1.64 Bln vs. $1.81 Bln last year. -Revenue Change (Y-o-Y): -9.4%