May. 22 at 11:23 AM
$TITN
The company's shares were up 3.06% in pre-market trading follwoing the earnings release.
The agricultural and construction equipment dealer posted a loss of
$0.58 per share for the quarter ended April 30, beating analyst estimates for a loss of
$0.91 per share.
Revenue came in at
$594.3 million, surpassing expectations of
$465.1 million.
Despite the earnings beat, Titan's results still declined significantly compared to the same quarter last year when the company reported earnings of
$0.41 per share on revenue of
$628.7 million.
