Why Is Titan Machinery (TITN) Stock Down 24% Today?
TITNTitan Machinery(TITN) Investor Place·2024-08-15 20:55

Titan Machinery (NASDAQ:TITN) stock is falling hard on Thursday following the release of its preliminary earnings report for the second quarter of fiscal 2025.That starts with the company expecting revenue of approximately 634millionduringthequarter.ThiswouldmissWallStreetsrevenueestimateof634 million during the quarter. This would miss Wall Street’s revenue estimate of 634.6 million for the period. Titan Machinery attributes this to softer retail demand than it expected.That earnings report also includes expectations for adjusted earnings per share of 17 cents. This woul ...