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Terex 3Q Loss Narrows as Sales Increase

Terex's third-quarter loss narrowed as revenue and margins increased, but its cranes business continued to worsen.

October 21, 2010

Terex's third-quarter loss narrowed as revenue and margins increased, but its cranes business continued to worsen.

Shares slid 1.4% to $24.41 in after-hours trading as the construction-machinery maker's results fell short of Wall Street's expectations. The stock was up 25% this year as of the close.

The company has posted only one quarterly profit in the past two years.

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--Wall Street Journal

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