Terex (TEX) Updates Q3 and FY2024 Guidance
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Terex slumps after cutting forecast
September 19, 2024 9:37 AM EDTShares of Terex Corporation (NYSE: TEX) slumped over 5% on Thursday after the company slashed its full-year 2024 earnings forecast.
The heavy machinery manufacturer now expects adjusted earnings per share (EPS) to range between $5.80 and $6.20, down from its previous forecast of $7.15 to $7.45.
Revenue is projected to come in between $4.85 billion and $5.05 billion, reflecting adjustments to customer demand and inventory levels. This was also lower than... More
