Titan International Inc (TWI) Releases Earnings Results, Misses Expectations By $-0.12 EPS

Titan International Inc (TWI) reported quarterly earnings results on Thursday, May-5-2016. The company reported $-0.17 earnings per share for the quarter, missing the analyst consensus estimate by $-0.12. Analysts had a consensus of $-0.05. The company posted revenue of $321.80 million in the period, compared to analysts expectations of $351.86 million. The company’s revenue was down -20.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 EPS.

Titan International Inc closed down -0.11 points or -1.74% at $6.23 with 4,51,359 shares getting traded on Wednesday. Post opening the session at $6.25, the shares hit an intraday low of $6.06 and an intraday high of $6.46 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Mar 4, 2016, Gary L Cowger (director) purchased 23,760 shares at $6.20 per share price. According to the SEC, on Mar 2, 2016, Peter Mcnitt (director) purchased 25,000 shares at $5.23 per share price. On Nov 16, 2015, Paul G Reitz (President) purchased 7,000 shares at $4.56 per share price, according to the Form-4 filing with the securities and exchange commission.

Titan International Inc. together with its subsidiaries manufactures wheels tires wheel and tire assemblies and undercarriage systems and components for off-highway vehicles used in the agricultural earthmoving/construction and consumer segments. The Company operates in three segments: agricultural earthmoving/construction and consumer. Titan’s agricultural segment includes rims wheels tires and undercarriage systems and components manufactured for use on various agricultural and forestry equipment. Titan’s earthmoving/construction segment includes rims wheels tires and undercarriage systems and components for various types of off-the-road (OTR) earthmoving mining military and construction equipment. The Company’s consumer segment includes bias truck tires in Latin America and light truck tires in Russia as well as products for all-terrain vehicles (ATVs) and recreational/utility trailers.

Titan International Inc

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