Titan Machinery expects first-quarter loss

Thu May 23, 2013 4:16pm EDT

May 23 (Reuters) - Farm equipment retailer Titan Machinery Inc said it expects to report a loss for the first quarter ended April, hurt by lower sales in its agriculture and construction business.

"The lower-than-expected revenue was primarily due to abnormally delayed spring weather combined with cautionary agriculture customer sentiment and the continued challenging industry conditions in the Construction segment," the company said.

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