Terex Corp. (NYSE: TEX) swung to a fourth quarter loss of $4.46 per share compared with earnings of $1.67 per share in the year ago period, announced job cuts, forecast 2009 revenue below expectations and warned that it may violate terms of a debt covenant. Shares of the diversified manufacturer plummeted $4.36 to $9.26.
Terex Swings To Loss
February 12, 2009 at 14:01 PM EST
