BB&T Capital Downgrades Terex (TEX) to Hold
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Terex Announces Second Quarter 2015 Results
July 29, 2015 5:37 PM EDTWESTPORT, Conn.--(BUSINESS WIRE)-- Terex Corporation (NYSE: TEX) today announced income from continuing operations of $85.2 million, or $0.78 per share for the second quarter of 2015, as compared to income from continuing operations of $87.8 million, or $0.76 per share for the second quarter of 2014. Net sales were $1,828.5 million in the second quarter of 2015, a decrease of $226.6 million, or 11.0%, when compared with $2,055.1 million in the second quarter of 2014. Excluding the impact of currency, net sales declined approximately 2.0%. Income from operations was $148.3 million in the second quarter of 2015, a decrease of $12.6 million when compared to income from... More
