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Titan Machinery Inc Issues Q1 2014 Guidance; Lowers FY 2014 EPS Guidance; Reaffirms FY 2014 Revenue Guidance


Thursday, 23 May 2013 04:15pm EDT 

Titan Machinery Inc announced that for the first quarter of 2014, it expects preliminary revenue to be approximately $440 million, preliminary pre-tax loss to be in the range of $0.7 million to $1.2 million and preliminary loss per diluted share to be in the range of $(0.01) to $(0.03). For fiscal 2014, the Company is updating its guidance based on preliminary first quarter fiscal 2014 results and the Company's increased visibility of market conditions. The Company is adjusting its annual earnings per share range of $1.70 to $2.00 from the previous range of $2.00 to $2.30 primarily reflecting the lower operating margins in the construction segment. The Company is reiterating its previous revenue range of $2.35 billion to $2.55 billion. 

Company Quote

13.34
-1.36 -9.25%
26 Nov 2014