Terex revenue cranes higher, net still negative (NYSE: TEX)

NEW YORK - The manufacturing company posted revenue growth of 31% from the previous year as revenue came in at $1.3 billion from $1 billion Q4 last 2010. Earnings per share was a loss of 42 cents or $45.3 million compared to a loss of $1.32 a share or $142 million last year. However Terex nearly broke even on an operating level losing just under $1 million.

Operating segment revenues soar

Aerial Work Platform saw revenues rise by 66%, construction by 54.3%, cranes' sales stepped 1.8% higher and materials processing increased an astonoshing 75.2%.

Shares are currently lower in after hours trading which is from the time the markets close until 8 PM Eastern, where shares trade typically on a lower amount of volume. Share of Terex are currently trading hands on a limited amount of volume. Investors often do take after hours trading very seriously when it comes to earnings releases, no matter how limited the trading is. Because of this Terex will likely open lower tomorrow.

Terex will hold its conference call tomorrow, before the markets are open.