Titan Machinery (TITN) Misses Q2 EPS by 3c, Revenue Beats
Titan Machinery (NASDAQ: TITN) reported Q2 EPS of ($0.04), $0.03 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $268.9 million versus the consensus estimate of $259.9 million.
The Company's fiscal 2018 modeling assumptions are as follows:
| Current Assumptions | Previous Assumptions | ||
| Segment Revenue | |||
| Agriculture (1) | Down 10-15% | Down 10-15% | |
| Construction (1) | Down 5-10% | Down 5-10% | |
| International | Up 20-25% | Up 13-18% | |
| Equipment Margin | 7.0-7.5% | 7.0-7.5% | |
| Diluted EPS (2) | ($0.15) - ($0.35) | Slightly Positive | |
For earnings history and earnings-related data on Titan Machinery (TITN) click here.