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News Breaks | | | | February 19, 2013 | | 17:44 EDT |  | TEX | Terex reports cont ops EPS (28c), may not compare to consensus 40c
Reports Q4 revenue $1.69B, consensus $1.83B. For Q4, loss from continuing operations was $30.7M, or 28c per share. Excluding the costs associated with debt repayment and certain other items in Q4, income from continuing operations as adjusted would have been $21.9M, or 19c per share. | |
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News For TEX From The Last 14 Days Check below for free stories on TEX the last two weeks. |
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| June 18, 2013 | | 08:23 EDT |  | TEX | Terex price target lowered to $38 from $41 at RW Baird
 Subscribe for More Information | | | June 17, 2013 | | 16:20 EDT |  | TEX | On The Fly: Closing Wrap
Stocks on Wall Street were higher following a session dominated by speculation over what is next for the Federal Reserve. The averages trimmed their gains after an article by the Financial Times suggested the Fed would signal a tapering of its pace of asset purchases at its Wednesday press conference. The upward trend resumed after the article's author said the report was based on opinion and that, "The Fed does not leak anything to any journalist to steer markets - especially during blackout." ECONOMIC EVENTS: In the U.S., the New York Fed Empire State Survey for June came in at 7.40, versus expectations for a 0 reading. The NAHB housing market confidence index for June rose to 52, versus the forecast for a more modest climb to 45 from its prior 44 reading. In Europe, Germany's Bundesbank said economic indicators for April pointed to robust growth in the second quarter and business sentiment improved in May, though warned of signs that growth in Europe's largest economy would slow over the summer. COMPANY NEWS: Netflix (NFLX) and DreamWorks (DWA) both climbed after announcing a major content deal. Under the agreement, DreamWorks will provide over 300 hours of content to Netflix, which the TV and movie service expects to start broadcasting next year. After the announcement, Netflix rose $15.24, or 7.12%, to $229.23, while DreamWorks added 93c, or 4.08%, to $23.74. MAJOR MOVERS: Among the notable gainers was Kandi Technologies (KNDI), up $1.53, or 24.4%, to $7.80 after saying it will deploy 5K-10K pure electric vehicles in China within the first year of launch. Also higher were shares of ViroPharma (VPHM), up $1.71, or 6.3%, to $28.87 after Reuters said the company has attracted takeover interest, though the company is not pursuing a sale. Among the noteworthy losers was Terex (TEX), down $2.45, or 7.72%, to $29.29 after the company lowered it fiscal year earnings view. Also lower was Medivation (MDVN), down $3.45, or 6.78%, to $47.41 after Johnson & Johnson (JNJ) acquired the company's competitor, privately held Aragon Pharmaceuticals. INDICES: The Dow was up 109.67, or 0.73%, to 15,179.85; the Nasdaq was up 28.57, or 0.83%, to 3,452.13; and the S&P 500 was up 12.31, or 0.76%, to 1,639.04. | | | 12:29 EDT | | TEX | On The Fly: Midday Wrap
Subscribe for More Information | | | 10:38 EDT |  | TEX | Terex drops sharply after revising guidance, levels to watch
The stock is down over 12% at time of writing to $27.91 following a revision in guidance from the company earlier today. It took down Q2 EPS to a range of 50 cents to 60 cents versus consensus of 82 cents. For its fiscal year 2013, it cut its view to $1.90 to $2.10 per share versus expectations of $2.40 to $2.70 per share. At current price, next support is at $26.93. Resistance is at $28.58. | | | 09:19 EDT |  | TEX | On The Fly: Pre-market Movers
Subscribe for More Information | | | 09:11 EDT |  | TEX | Terex volatility elevated into lower 2013 guidance
Subscribe for More Information | | | 08:33 EDT | | TEX | Terex sees Q2 adjusted EPS 50c-60c, consensus 82c
Subscribe for More Information | | | 08:32 EDT | | TEX | Terex lowers FY13 EPS view to $1.90-$2.10 from $2.40-$2.70, consensus $2.55
Terex Corporation announced that it is lowering its FY13 earnings per share view to $1.90-$2.10, as adjusted for certain non-recurring items. Previous full year 2013 guidance was an earnings per share of between $2.40 and $2.70. The company said, “The level of sales growth has softened overall for Terex when compared with the increases we originally anticipated for 2013. More specifically, we are experiencing a softer marketplace for our Construction, Material Handling & Port Solutions, and, to a lesser degree, our Cranes operations. We do continue to experience positive replacement demand for Aerial Work Platform products and solid performance for Materials Processing. However, strength from these businesses will not offset the revenue variances of the balance of our business. Fundamentally, North America continues to improve, but now at a slower pace, while Europe remains challenging overall, and the markets in the rest of the world are mixed. We remain generally on track with the operating changes underway, including the cost reduction initiatives in our MHPS and Cranes businesses, as well as the divestiture of underperforming businesses in our Construction segment. We continue to expect that the second half of 2013 will show improved results when compared with 2012.” | | | June 12, 2013 | | 10:14 EDT |  | TEX | On the Fly: Initiation Summary
AMRI (AMRI) coverage resumed with a Buy at Sterne Agee… AMRI (AMRI) re-initiated with a Buy at Sterne Agee… Allscripts (MDRX) re-initiated with a Buy at Sterne Agee… Amkor Technology (AMKR) initiated with a Buy at Sidoti… Astec (ASTE) initiated with a Hold at Stifel… Bob Evans (BOBE) initiated with an Outperform at Oppenheimer… Calumet Specialty Products (CLMT) initiated with an Outperform at Credit Suisse… Cerner (CERN) re-initiated with a Neutral at Sterne Agee… Charles River Labs (CRL) re-initiated with a Buy at Sterne Agee… Covance (CVD) re-initiated with a Buy at Sterne Agee… First Republic Bank (FRC) initiated with an Overweight at Barclays… Greenway Medical (GWAY) re-initiated with an Underperform at Sterne Agee… Gulfport Energy (GPOR) re-initiated with an Outperform at Credit Suisse… ICON plc (ICLR) re-initiated with a Neutral at Sterne Agee… Manitowoc (MTW) initiated with a Buy at Stifel… PAREXEL (PRXL) re-initiated with a Neutral at Sterne Agee… Pacific Drilling (PACD) initiated with an Outperform at Credit Suisse… Perrigo (PRGO) initiated with an Overweight at Morgan Stanley… Quality Systems (QSII) re-initiated with a Neutral at Sterne Agee… Quintiles (Q) initiated with an Underperform at Sterne Agee… Reliance Steel (RS) initiated with a Hold at Topeka… SVB Financial (SIVB) initiated with an Equal Weight at Barclays… Terex (TEX) initiated with a Buy at Stifel… Texas Roadhouse (TXRH) initiated with a Buy at BofA/Merrill… Whiting Petroleum (WLL) initiated with an In-Line at Imperial Capital… athenahealth (ATHN) re-initiated with a Neutral at Sterne Agee. | | | 06:39 EDT | | TEX | Terex initiated with a Buy at Stifel
Subscribe for More Information | | | | June 11, 2013 | | 10:27 EDT | | TEX | Terex sees FY13 EPS $2.40-$2.70, consensus $2.57
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