Titan Intl Q3 2024 Adj. EPS $9.19 Beats $0.01 Estimate, Sales $447.985M Miss $471.625M Estimate
Portfolio Pulse from Benzinga Newsdesk
Titan International (NYSE:TWI) reported Q3 2024 earnings per share of $9.19, significantly surpassing the analyst estimate of $0.01. However, sales of $447.985 million fell short of the $471.625 million estimate, despite a 11.50% increase from the previous year.
October 30, 2024 | 8:24 pm
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Titan International's Q3 2024 EPS of $9.19 far exceeded expectations, but sales of $447.985M missed estimates. Despite the sales miss, the significant EPS beat may positively influence the stock price.
The massive EPS beat suggests strong profitability, which is a positive indicator for investors. Although sales missed estimates, the overall financial performance is likely to be viewed favorably, potentially driving the stock price up in the short term.
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