Titan International, Inc. Reports First Quarter 2019 Results
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Titan International (TWI) Misses Q1 EPS by 14c, Revenues Miss
May 3, 2019 6:01 AM EDTTitan International (NYSE: TWI) reported Q1 EPS of $0.02, $0.14 worse than the analyst estimate of $0.16. Revenue for the quarter came in at $410.4 million versus the consensus estimate of $429.17 million.
"The first quarter of 2019 was certainly not the start to the year we had planned,\" commented Paul Reitz, President and Chief Executive Officer. \"There were a number of factors that negatively influenced our sales and gross profit with a significant impact from currency headwinds, primarily in Europe and Brazil. Many companies have discussed the impact of the strong dollar, but for a company our... More
