Sponsored Links 
TEX Down 20% on Outlook
Shares of Terex (TEX - Analyst Report) slipped approximately 20% Thursday after the construction and mining equipment company pulled back on its earnings outlook for 2008.
The company now expects EPS between $6.35 and $6.65, which was below its previous guidance of $6.85 to $7.15. Analysts were expecting $7.06 for the year.
TEX stated that continued market softening and input cost in its Aerial Work Platforms and Construction segments in Western Europe and the U.S. will offset more positive factors.
Over the past two months, earnings estimates for this year are up a nickel, while expectations for next year are down 29 cents. However, today’s announcement will have a negative impact on these numbers in the coming days.
 |
 |
 Share |
 RSS |
 Rate Pos |
 Rate Neg |
 Comment |
|
|
||||||
Free Stock Analysis From Zacks
Includes Zacks Long-Term Recommendation and Target Price
Loading Stories...Related Content
Best Stocks. Best Insight. Join Now...it's FREE!
Over 550,000 investors look forward to the timely insights in our email newsletter; Zacks Profit from the Pros. In each daily issue you will find:
- Free Four Zacks #1 Rank "Strong Buy" Stocks
- Free Timely Market Commentary
- Free Wealth Management Tips
- Free Profitable Strategy Screens
- Free Bull and Bear Stocks of the Day
Zacks FREE Registration
X Close
Loading Stories...Most Popular on Zacks.com
0.00 %
More Zacks Resources
Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.
Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.
Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.
My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
More Zacks Links
| Market Summary | Feb 10, 2010 02:49 am ET |
150.25
[CLICK TO CLOSE X]