Titan International Announces First Quarter 2016 Results
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Titan Int'l (TWI) Misses Q1 EPS by 9c
May 5, 2016 9:06 AM EDTTitan Int'l (NYSE: TWI) reported Q1 EPS of ($0.17), $0.09 worse than the analyst estimate of ($0.08). Revenue for the quarter came in at $321.8 million versus the consensus estimate of $354.11 million.
CEO and Chairman, Maurice Taylor comments, "Titan's first quarter has been a story of continued weakness within each of our end markets, which is consistent with what has been widely discussed by many in our industry. While there have been few bright spots during the quarter, we continue to improve our operating performance despite these declines. The first quarter financial results are not what we expect;... More
