Terex Shares Rise 6.6% After Raising Full-Year Guidance
Terex shares rose 6.6% to $52.96 after the company reported better-than-expected third-quarter sales and increased backlog, prompting it to raise the lower end of its full-year guidance.
By Adriano MarcheseTerex shares advanced Wednesday after the company reported better-than-expected third-quarter sales and an increasing backlog of orders, prompting an upgrade to its full-year guidance.Shares rose 6.6% to $52.96.The industrial equipment manufacturer lifted the lower end of its 202…