Titan Machinery shares are trading lower after the company reported worse-than-expected Q1 earnings. CEO cautions about soft demand and an excess of supply inventory.
Portfolio Pulse from Benzinga Newsdesk
Titan Machinery shares are trading lower after the company reported worse-than-expected Q1 earnings. The CEO has cautioned about soft demand and an excess of supply inventory.
May 23, 2024 | 11:11 am
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Titan Machinery reported worse-than-expected Q1 earnings, leading to a drop in share prices. The CEO highlighted concerns over soft demand and excess supply inventory.
The company's worse-than-expected Q1 earnings report and the CEO's caution about soft demand and excess supply inventory are likely to negatively impact investor sentiment and the stock price in the short term.
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