Titan Q3 tops despite drought

Investor's Business Daily

The farm and construction equipment store operator reported an 8% rise in EPS to 66 cents, beating views by a penny. Revenue climbed 38% to $582.1 mil on strong sales of its wheel loaders, graders, dozers and tractors. Titan Machinery (TITN) raised its full-year sales outlook to $2 bil-$2.15 bil, up from $1.95 bil-$2.1 bil earlier. The new midpoint beats analyst views of $2.03 bil. Shares rose 1.5%.

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