Titan Profit, Sales Climb Despite Midwest Drought
Titan Machinery (TITN), which operates more than 100 farm and construction equipment stores, easily topped analysts' third quarter revenue and profit forecasts, and raised its full-year sales guidance. Earnings per share rose 8% to 66 cents, beating Wall Street's outlook by a penny. Revenue jumped 38% to $582.1 million on strong sales of its wheel loaders, graders, dozers and tractors. That trounced analyst expectations for $512.8 million. The
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