Terex Corp. TEX) late Wednesday reported fourth-quarter net income of $174 million, or $1.67 per share, up from $100.9 million, or 97 cents a share, last year.The Westport, Conn.-based diversified manufacturer said revenue in the three months ended Dec. 31 rose to $2.59 billion from $2.03 billion.The mean estimate of analysts polled by Thomson Financial was for a per-share profit of $1.40 on revenue of $2.35 billion.
Terex expects 2008 earnings of $6.65 to $7.15 a share on revenue of $10 billion to $10.5 billion.Analysts are looking for a 2008 profit of $6.68 a share on revenue of $9.77 billion.
Shares of Terex closed at $62.21 and climbed 5% in after-hours trade.
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