Terex Corp (TEX), a provider of lifting and material handling solutions, Wednesday reported third-quarter net earnings of $64 million or $0.56 per share compared with $94.4 million or $0.81 per share last year.
Excluding items, adjusted earnings for the quarter were $0.59 per share.
Revenues for the quarter were $1.81 billion compared with $1.76 billion in the prior year.
Analysts polled by Thomson Reuters estimated earnings of $0.61 per share on revenues of $1.81 billion for the quarter. Analysts' estimates typically exclude special items.
For the full year, the company now expects adjusted earnings to be at or near the bottom of its prior guidance range of $2.35 to $2.50 per share on sales of $7.3 billion to $7.5 billion.
Analysts expect earnings of $2.36 per share on revenues of $7.4 billion for the year.
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