Terex Share Price Decreases 4% Despite Reporting Earnings Beat in Q3
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Terex's share price decreased by 4% despite reporting better-than-expected earnings for Q3. The company forecasts 2024 sales between $5.0 billion and $5.2 billion, including contributions from its recent ESG acquisition.
November 06, 2024 | 4:00 pm
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Terex's share price fell by 4% despite exceeding earnings expectations for Q3. The company projects 2024 sales between $5.0 billion and $5.2 billion, including its recent ESG acquisition.
Despite reporting an earnings beat, Terex's share price decreased by 4%, indicating that investors may have had higher expectations or concerns about future growth. The sales forecast for 2024, including the ESG acquisition, suggests potential growth, but the immediate market reaction was negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100