Titan Intl Q2 Adj. EPS $0.43, Inline, Sales $481.18M Miss $516.02M Estimate
Portfolio Pulse from Benzinga Newsdesk
Titan Intl (NYSE:TWI) reported Q2 earnings of $0.43 per share, in line with analyst consensus. However, the company's sales of $481.18M missed the estimate of $516.02M by 6.75%. This represents a 45.57% decrease in earnings and a 16.01% decrease in sales compared to the same period last year.
August 04, 2023 | 12:14 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Titan Intl's Q2 earnings met expectations, but sales missed estimates by 6.75%. This indicates a significant decrease in both earnings and sales compared to last year.
Titan Intl's earnings were in line with expectations, which is generally positive. However, the company's sales missed estimates by a significant margin, which is a negative signal. Additionally, the YoY decrease in both earnings and sales suggests that the company's financial performance is deteriorating, which could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100