NORWALK, Conn. (AP) _ Terex Corp. (TEX) on Thursday reported second-quarter net income of $73.9 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Norwalk, Connecticut-based company said it had profit of $1.04. Earnings, adjusted to account for discontinued operations, were $1.02 per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share.

The machinery products maker posted revenue of $1.04 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $993.1 million.

Terex expects full-year earnings to be $2.85 to $3.05 per share, with revenue expected to be $3.9 billion.

Terex shares have risen 35% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $47.16, more than doubling in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TEX at https://www.zacks.com/ap/TEX

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