WEST FARGO, N.D. (AP) _ Titan Machinery Inc. (TITN) on Thursday reported fiscal fourth-quarter net income of $673,000, after reporting a loss in the same period a year earlier.
On a per-share basis, the West Fargo, North Dakota-based company said it had net income of 3 cents. Earnings, adjusted for one-time gains and costs, were 2 cents per share.
The agriculture and construction equipment seller posted revenue of $351 million in the period.
For the year, the company reported profit of $14 million, or 63 cents per share. Revenue was reported as $1.31 billion.
Titan Machinery shares have dropped 47% since the beginning of the year. The stock has declined 60% in the last 12 months.