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Shares of Titan International (NYSE:TWI) rallied 13% in pre-market trading after the company reported Q1 results.
Quarterly Results
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Earnings per share fell 1000.00% over the past year to ($0.18), which were in line with the estimate of ($0.18).
Revenue of $341,500,000 less by 16.78% from the same period last year, which missed the estimate of $365,810,000.
Looking Ahead
Titan Intl hasn't issued any earnings guidance for the time being.
Titan Intl hasn't issued any revenue guidance for the time being.
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Conference Call Details
Date: May 07, 2020
Recent Stock Performance
Company's 52-week high was at $5.91
Company's 52-week low was at $1.06
Price action over last quarter: down 26.47%
Company Description
Titan International Inc is a manufacturer of wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles. The company operates through three segments namely Agricultural, Earthmoving/Construction, and Consumer. Geographically, business of the group can be seen in the United States, Brazil and other countries. Titan derives most of the revenue from Agricultural segment in which rims, wheels, tires and undercarriage systems and components are manufactured for use on various agricultural equipment, including tractors, combines, plows, planters and irrigation equipment, and are sold directly to original equipment manufacturers and to the aftermarket through independent distributors, equipment dealers and Titan's own distribution centers.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.