Terex Corp. Q2 adjusted earnings Miss Estimates

(RTTNews) - Terex Corp. (TEX) reported earnings for its second quarter that climbed from last year.

The company's earnings totaled $75.1 million, or $1.05 per share. This compares with $57.8 million, or $0.75 per share, in last year's second quarter.

Excluding items, Terex Corp. reported adjusted earnings of $86.9 million or $1.21 per share for the period.

Analysts had expected the company to earn $1.35 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.8% to $1.31 billion from $1.25 billion last year.

Terex Corp. earnings at a glance:

-Earnings (Q2): $86.9 Mln. vs. $74.9 Mln. last year. -EPS (Q2): $1.21 vs. $0.98 last year. -Analysts Estimate: $1.35 -Revenue (Q2): $1.31 Bln vs. $1.25 Bln last year.