Terex Q4 Loss Narrows on Higher Sales

Construction equipment maker Terex Corp. posted a narrower fourth-quarter loss helped by strong growth at its construction segment.

Terex, which makes cranes, earthmoving equipment and aerial work platforms for the construction industry, reported a net loss from continuing operations of $4 million, or 3 cents a share. That compared with a net loss from continuing operations of $32.5 million, or 30 cents a share, a year ago.

Net sales for the quarter rose 47 percent to $1.95 billion. Net sales from the construction segment rose 29.3 percent to $409.0 million from last year.

For more, visit Reuters.

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