Terex Corp. Profit Declines 79% In Q4

(RTTNews) - Terex Corp. (TEX) revealed earnings for fourth quarter that lost ground from last year.

The company said its earnings dropped to $16.5 million, or $0.15 per share. This was down from $80.0 million, or $0.71 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.52 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 11.7% to $1.58 billion. This was down from $1.79 billion last year.

Terex Corp. earnings at a glance:

-Earnings (Q4): $16.5 Mln. vs. $80.0 Mln. last year. -Earnings Decline (Y-o-Y): -79.4% -EPS (Q4): $0.15 vs. $0.71 last year. -EPS Decline (Y-o-Y): -78.9% -Analysts Estimate: $0.52 -Revenue (Q4): $1.58 Bln vs. $1.79 Bln last year. -Revenue Change (Y-o-Y): -11.7%