Titan Intl Q2 2024 Adj. EPS $0.10 Misses $0.24 Estimate, Sales $532.170M Miss $547.271M Estimate
Portfolio Pulse from Benzinga Newsdesk
Titan International (NYSE:TWI) reported Q2 2024 earnings of $0.10 per share, missing the analyst estimate of $0.24 by 58.33%. Sales were $532.17M, below the $547.27M estimate but up 10.60% year-over-year.
July 31, 2024 | 8:20 pm
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Titan International (NYSE:TWI) reported Q2 2024 earnings of $0.10 per share, missing the analyst estimate of $0.24 by 58.33%. Sales were $532.17M, below the $547.27M estimate but up 10.60% year-over-year.
The significant miss on both EPS and sales estimates is likely to negatively impact TWI's stock price in the short term. The 58.33% miss on EPS and the 2.76% miss on sales, despite a year-over-year increase, indicate potential concerns about the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100