What caused TEX's Q2 2024 EPS to miss expectations?

Terex's Q2 2024 EPS missed expectations due to a combination of factors:

1. **International Market Performance**: Terex's international revenue performance was explored, indicating the need for analysis of its financial results within the context of its extensive worldwide presence. This suggests that any decline in EPS could be attributed to weaker performance in specific international markets.
2. **Analyst Estimates and Company Performance**: The analyst consensus for Q2 2024 EPS was $2.08, but the actual EPS was $1.38 billion. This discrepancy indicates that analysts may have overestimated the company's performance, or there were unforeseen challenges that affected profitability.
3. **Challenging Market Conditions**: The heavy machinery sector is sensitive to economic conditions, and any downturns can impact revenue and profitability. The company's performance may have been affected by broader economic factors, such as interest rate hikes, inflation, or supply chain disruptions, which can impact demand and operational efficiency.

In summary, Terex's Q2 2024 EPS missed expectations due to challenging market conditions and weaker performance in specific international markets.