India, July 31 -- Terex Corp. (TEX) Thursday announced a sharp decline in second quarter earnings, despite 7.6 percent revenues growth, compared to the prior year.
In the pre-market session, shares are gaining 0.33 points or 0.66 percent to $50.22.
Earnings for the quarter fell to $72 million from $141 million a year ago. on a per share basis, earnings were $1.09, down from $2.08 last year.
On an adjusted basis, earnings were $98 million or $1.49 per share. In the same quarter of the prior year, the company had reported adjusted earnings of $146 million or $2.16 per share.
Analysts, on average, expected the company to report earnings of $1.4 per share. Quarterly net sales increased to $1.487 billion from $1.382 billion a year ago.
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