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Titan Machinery: Fiscal 4Q Earnings Snapshot

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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TITN at https://www.zacks.com/ap/TITN