Titan Intl Q4 Adj EPS $0.34 Beats $0.28 Estimate, Sales $390.20M Miss $413.57M Estimate
Portfolio Pulse from Benzinga Newsdesk
Titan Intl (NYSE:TWI) reported Q4 adjusted EPS of $0.34, surpassing the $0.28 estimate, but its sales of $390.20M fell short of the $413.57M estimate. This represents a 22.73% decrease in earnings and a 23.46% decrease in sales from the same period last year.
February 29, 2024 | 11:03 am
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Titan Intl reported a mixed Q4 with adjusted EPS beating estimates but sales missing expectations, indicating a significant year-over-year decline in both earnings and sales.
The mixed results with an earnings beat but a sales miss could lead to neutral market sentiment in the short term. The significant year-over-year decline in both earnings and sales might concern investors, but the earnings beat could offset some negative sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100