Titan Machinery Q1 EPS $1.19 Vs. $0.78 Last Year, Sales $569.63M Miss $589.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Titan Machinery reported Q1 earnings of $1.19 per share, up from $0.78 last year, but missed sales estimates with $569.63M, a 23.56% YoY increase, compared to the expected $589.20M.
May 25, 2023 | 10:51 am
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Titan Machinery's Q1 earnings per share increased to $1.19 from $0.78 last year, but sales of $569.63M missed the $589.20M estimate.
Titan Machinery's Q1 earnings per share increased, which is a positive sign for investors. However, the company missed sales estimates, which could offset the positive impact of the earnings increase. The overall impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100