Terex (TEX) Shares Decline 19% Despite Q2 Earnings Beat

Shares of Terex Corporation (TEX) have moved down 19% since it reported second-quarter 2024 results on Jul 30, 2024, despite an earnings beat. Investors seem to be worried about the year-over-year declines in its top and bottom lines, reflecting lower end-market demand in Europe. TEX reported second-quarter 2024 adjusted earnings per share of $2.16, which beat the Zacks Consensus Estimate of$2.03. The bottom line fell 8.1% from the prior-year quarter. Operational Update Revenues in the reported quarter fel ...