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Market Overview

Recap: Titan Machinery Q1 Earnings

Share:

Shares of Titan Machinery (NASDAQ:TITN) rose 3.7% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share increased 650.00% year over year to $0.15, which beat the estimate of ($0.12).

Revenue of $310,208,000 higher by 11.47% from the same period last year, which beat the estimate of $251,050,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: May 28, 2020

Time: 08:30 AM

ET Webcast URL: https://viavid.webcasts.com/starthere.jsp?ei=1305644&tp_key=a6bb284b7b

Recent Stock Performance

Company's 52-week high was at $21.88

Company's 52-week low was at $6.96

Price action over last quarter: Up 18.76%

Company Overview

Titan Machinery Inc sells and services agricultural and construction equipment in the United States and Europe. The company sells and repairs agricultural equipment, including machinery and attachments for large-scale farming and home and gardening purposes, as well as construction equipment. It operates through the following segments: Agriculture, Construction and International. The Agriculture segment which generate majority revenue distributes and sells machinery, equipment transportation, global positioning system signal subscriptions and finance products for farming operations. The Construction segment markets and trades heavy equipment for building purposes. The International segment rents out machinery and equipment for farming, construction and landscaping.

 

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Posted-In: Earnings News

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