Titan Machinery (TITN) Misses Q3 EPS by 3c, Revenues Miss

Titan Machinery (NASDAQ: TITN) reported Q3 EPS of $0.44, $0.03 worse than the analyst estimate of $0.47. Revenue for the quarter came in at $360.9 million versus the consensus estimate of $373.65 million.

David Meyer, Titan Machinery’s Chairman and Chief Executive Officer, stated, "Our higher margin parts and service business experienced strong growth during the seasonally important third quarter and drove higher gross profits across all three of our segments. This strong parts and service activity helped generate solid performance in our Agriculture segment, which grew top and bottom line despite very difficult harvest conditions and persistent macroeconomic uncertainty. While we wait for the environment to stabilize, we remain focused on providing exceptional customer care and managing the controllable aspects of our business, which poises us well for growth and enhanced profitability once industry conditions improve."

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

You May Also Be Interested In

• Amphenol (APH) Tops Q1 EPS by 7c, offers guidance
• Smart for Life (SMFL) Appoints David Trosin to its Board
• PROG Holdings Inc (PRG) Tops Q1 EPS by 9c