By Kelly Cloonan
Shares of Terex climbed after the company's first-quarter adjusted earnings and full-year outlook beat analyst estimates.
The stock rose 9% to $39.62 on Friday. Shares have declined 31% over the past 12 months.
The equipment manufacturer posted a profit of $21 million, or 31 cents a share, compared with $109 million, or $1.60 a share, a year earlier.
Adjusted earnings per share were 83 cents, ahead of estimates of 53 cents a share according to analysts polled by FactSet.
Revenue fell to $1.23 billion compared with $1.29 billion a year ago. Analysts expected $1.24 billion.
For the full year, the company maintained its prior outlook for adjusted earnings per share of $4.70 to $5.10, above analyst expectations for $4.45.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
May 02, 2025 14:10 ET (18:10 GMT)
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