Q2 2023 Earnings: Terex and AMD Outperform Expectations
- August 01st, 2023
- 388 views
Terex Corporation (NYSE: TEX) delivered strong second-quarter 2023 financial results, with earnings per share (EPS) of $2.35 and revenues of $1.40 billion, surpassing the consensus estimate of $1.66 on revenues of $1.27 billion.
Buoyed by its strong performance, the company is raising its full-year 2023 financial outlook, now expecting EPS to be around $7.00, up from the previous range of $5.60 to $6.00, while analysts had forecasted $6.02 for the period.
$TEX was trading at $64.90 in after-hours, up $2.87 (+4.63%).
In other news, Advanced Micro Devices, Inc. (Nasdaq: AMD) reported robust Q2 2023 results, with EPS of $0.58 and revenues of $5.36 billion, outperforming the analysts' estimate of $0.57 on revenues of $5.31 billion.
In the extended session, $AMD surged by $5.28 (+4.49%) to $122.88.
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