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Market Overview

Recap: Titan Machinery Q3 Earnings

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Shares of Titan Machinery (NASDAQ:TITN) rose 2.6% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 31.82% year over year to $0.58, which beat the estimate of $0.35.

Revenue of $360,872,000 declined by 0.02% year over year, which beat the estimate of $329,340,000.

Looking Ahead

Titan Machinery hasn't issued any earnings guidance for the time being.

Titan Machinery hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Nov 24, 2020

Time: 08:30 AM

ET Webcast URL: https://viavid.webcasts.com/starthere.jsp?ei=1383344&tp_key=0dfb2796ba

Price Action

52-week high: $19.04

Company's 52-week low was at $6.96

Price action over last quarter: Up 44.76%

Company Profile

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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