05:28 PM EDT, 07/30/2024 (MT Newswires) -- Terex ( TEX ) reported Q2 earnings late Tuesday of $2.08 per diluted share, down from $2.34 a year earlier.

Analysts polled by Capital IQ expected $2.05.

Net Sales for the quarter ended June 30 was $1.38 billion down from $1.40 billion a year earlier. Analysts surveyed by Capital IQ expected $1.43 billion.

The company raised its 2024 earnings outlook to $7.15 to $7.45 from $6.95 to $7.35. Analysts polled by Capital IQ expected $7.09.

For 2024, the company lowered its net sales guidance between $5.1 billion and $5.3 billion from $5.2 billion and $5.4 billion. Analysts surveyed by Capital IQ expected $5.26 billion.

Shares fell more than 5% in recent after-hours activity.

Price: 61.99, Change: -3.71, Percent Change: -5.65