Titan Machinery: Fiscal Q4 Earnings Snapshot

WEST FARGO, N.D. (AP) — WEST FARGO, N.D. (AP) — Titan Machinery Inc. (TITN) on Thursday reported fiscal fourth-quarter earnings of $24 million.

The West Fargo, North Dakota-based company said it had profit of $1.05 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 99 cents per share.

The agriculture and construction equipment seller posted revenue of $852.1 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $739.9 million.

For the year, the company reported profit of $112.4 million, or $4.93 per share. Revenue was reported as $2.76 billion.

Titan Machinery expects full-year earnings to be $3 to $3.50 per share.

_____

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