Terex Q1 2024 GAAP EPS $1.60 Beats $1.37 Estimate, Sales $1.293B Beat $1.235B Estimate
Portfolio Pulse from Benzinga Newsdesk
Terex Corporation (NYSE:TEX) reported Q1 2024 earnings of $1.60 per share, surpassing the consensus estimate of $1.37. Quarterly sales reached $1.293 billion, exceeding expectations of $1.235 billion and marking a 4.61% increase from the previous year.
April 25, 2024 | 8:59 pm
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Terex Corporation (TEX) reported a strong Q1 2024 with earnings and sales surpassing analyst estimates, indicating robust financial health and operational efficiency.
The positive earnings and sales beat by Terex (TEX) for Q1 2024 suggests a strong financial and operational performance, likely leading to increased investor confidence and potential upward movement in the stock price in the short term. The significant beat on both top and bottom lines indicates that the company is performing well above market expectations, which can often lead to a positive reevaluation of the stock by investors and analysts alike.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100