WASHINGTON (dpa-AFX) - Terex Corporation (TEX) reported a loss from continuing operations of $2.1 million, or $0.02 per share for the first quarter of 2015, compared to income from continuing operations of $32.6 million, or $0.28 per share for the first quarter of 2014.
On average, 23 analysts polled by Thomson Reuters expected the company to report profit per share of $0.18 for the quarter. Analysts' estimates typically exclude special items.
Net sales were $1.50 billion in the first quarter of 2015, compared to $1.65 billion in the first quarter of 2014. Net sales were essentially flat on a currency neutral basis. Analysts expected revenue of $1.46 billion for the quarter.
The company's overall outlook for 2015 has not changed. The company reiterated annual outlook for earnings per share of between $2.00 and $2.30, excluding restructuring and other unusual items, on net sales of between $6.2 billion and $6.6 billion. Analysts expect the company to report fiscal 2015 earnings per share of $2.18 on revenue of $6.50 billion.
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