Titan International, Inc. Reports Third Quarter 2019 Results
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Titan International (TWI) Misses Q3 EPS by 22c, Revenues Miss
November 7, 2019 6:01 AM ESTTitan International (NYSE: TWI) reported Q3 EPS of ($0.28), $0.22 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $345.9 million versus the consensus estimate of $370.66 million.
"Our third quarter results reflect the continued softening in our business across all regions and segments with net sales declining approximately ten percent," commented Paul Reitz, President and Chief Executive Officer. "Conditions in North America Ag have not improved from the difficult planting season and uncertainty abounds from a global economic perspective. These factors have added to weakening demand beyond North American Ag and... More
