Terex Q2 2024 Adj EPS $2.16 Beats $2.06 Estimate, Sales $1.40B Miss $1.43B Estimate
Portfolio Pulse from Benzinga Newsdesk
Terex (NYSE:TEX) reported Q2 2024 adjusted EPS of $2.16, beating the estimate of $2.06. However, sales of $1.40 billion missed the $1.43 billion estimate, showing a slight decrease from the same period last year.
July 30, 2024 | 8:20 pm
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Terex reported Q2 2024 adjusted EPS of $2.16, beating the estimate of $2.06. However, sales of $1.40 billion missed the $1.43 billion estimate, showing a slight decrease from the same period last year.
The EPS beat is a positive sign, but the sales miss and slight year-over-year decrease may neutralize the impact. Investors may have mixed reactions, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100