Titan Machinery (NASDAQ: TITN) reported Q2 EPS of $0.04, $0.06 worse than the analyst estimate of $0.10. Revenue for the quarter came in at $451 million versus the consensus estimate of $442.37 million.

Titan Machinery sees FY2015 EPS of ($0.00) - $0.30, versus prior guidance of $0.59 - $0.89 and the consensus of $0.72. Titan Machinery sees FY2015 revenue of $1.9 - $2.1 billion, versus prior guidance of $1.95 - $2.15 billion and the consensus of $2.10 billion.

The Company expects to generate annual Non-GAAP cash flow from operations in the range of $50.0 million to $70.0 million for fiscal 2015, compared to the previous range of $60.0 to $80.0 million. This reflects an improvement of $100.8 million to $120.8 million compared to Non-GAAP cash flow from operations of $(50.8) million in fiscal 2014. The primary driver of the improved cash flow is the Company’s anticipated reduction in equipment inventory level of approximately $250 million in fiscal 2015.

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