Terex (NYSE:TEX) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Terex announced earnings per share of $-0.35 on revenue of $833.6M. Analysts polled by anticipated EPS of $-0.05 on revenue of $861.69M. That with comparison to EPS of $0.87 on revenue of $1.14B in the same period a year before. Terex had reported EPS of $0.36 on revenue of $885M in the previous quarter. Analysts are expecting EPS of $-0.22 and revenue of $778.03M in the upcoming quarter.
Terex shares are down 48.99% from the beginning of the year , still down 54.64% from its 52 week high of $33.49 set on July 29, 2019. They are under-performing the EUR/USD which is down 0% year to date.
Terex follows other major Capital Goods sector earnings this month
Terex's report follows an earnings missed by ASML ADR on April 15, who reported EPS of $0.93 on revenue of $2.44B, compared to forecasts EPS of $1.47 on revenue of $3.17B.
Lockheed Martin had beat expectations on April 21 with first quarter EPS of $6.08 on revenue of $15.65B, compared to forecast for EPS of $5.81 on revenue of $15.08B.
Stay up-to-date on all of the upcoming earnings reports by visiting 's earnings calendar
