Titan Machinery (TITN) Misses Q2 EPS by 6c; Updates FY17 Outlook

August 25, 2016 6:48 AM EDT
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Price: $13.85 -1.14%

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Titan Machinery (NASDAQ: TITN) reported Q2 EPS of ($0.12), $0.06 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $278.3 million versus the consensus estimate of $291.52 million.

Updated Fiscal 2017 Modeling Assumptions

The Company is updating the modeling assumptions for fiscal 2017 that it believes will provide investors with relevant information about expectations regarding financial results and business trends:

  • Agriculture Same Store Sales Down 17% to 22%
  • Construction Same Store Sales Flat
  • International Same Store Sales Down 7% to 12%
  • Equipment Margins Between 7.2% and 7.8%
  • Adjusted Diluted EPS loss in the second half of fiscal 2017 is expected to be less than the loss in the first half of the year

For earnings history and earnings-related data on Titan Machinery (TITN) click here.

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