Investing.com - Terex (NYSE:TEX) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Terex announced earnings per share of $0.74 on revenue of $1B. Analysts polled by Investing.com anticipated EPS of $0.4703 on revenue of $960.08M.
Terex shares are up 2% from the beginning of the year, still down 37.95% from its 52 week high of $55.60 set on May 10, 2021. They are under-performing the PSI which is up 6.51% from the start of the year.
Terex follows other major Industrials sector earnings this month
Terex's report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $3.05 on revenue of $24.38B, compared to forecasts EPS of $2.89 on revenue of $23.82B.
Union Pacific had beat expectations on April 21 with first quarter EPS of $2.57 on revenue of $5.86B, compared to forecast for EPS of $2.56 on revenue of $5.71B.
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