Titan Machinery Sees Prelim. Q2 Adj. EPS ~$0.17 Vs 0.60 Est.; Revenue ~$634M Vs $696.457M Est.
Portfolio Pulse from Benzinga Newsdesk
Titan Machinery reported preliminary Q2 adjusted EPS of approximately $0.17, significantly below the estimated $0.60. Revenue also fell short, coming in at around $634 million compared to the expected $696.457 million.
August 14, 2024 | 8:14 pm
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Titan Machinery's preliminary Q2 results show a significant miss on both adjusted EPS and revenue estimates, which is likely to negatively impact the stock price in the short term.
The significant miss on both adjusted EPS and revenue estimates indicates weaker-than-expected financial performance, which is likely to lead to a negative market reaction and a decline in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100