Titan International: Q1 Earnings Snapshot

Associated Press Finance

05-01

WEST CHICAGO, Ill. (AP) — WEST CHICAGO, Ill. (AP) — Titan International Inc. (TWI) on Wednesday reported a loss of $649,000 in its first quarter.

The West Chicago, Illinois-based company said it had a loss of 1 cent per share. Earnings, adjusted for non-recurring costs, came to 1 cent per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.

The wheel and tire supplier posted revenue of $490.7 million in the period.

For the current quarter ending in June, Titan International said it expects revenue in the range of $450 million to $500 million.

_____

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

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(AP) — WEST CHICAGO, Ill. (AP) — Titan International Inc. (TWI) on Wednesday reported a loss of $649,000 in its first quarter.</p>\n<p>The West Chicago, Illinois-based company said it had a loss of 1 cent per share. Earnings, adjusted for non-recurring costs, came to 1 cent per share.</p>\n<p>The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.</p>\n<p>The wheel and tire supplier posted revenue of $490.7 million in the period.</p>\n<p>For the current quarter ending in June, Titan International said it expects revenue in the range of $450 million to $500 million.</p>\n<p>_____</p>\n<p>This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. 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Earnings, adjusted for non-recurring costs, came to 1 cent per share.\nThe results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.\nThe wheel and tire supplier posted revenue of $490.7 million in the period.\nFor the current quarter ending in June, Titan International said it expects revenue in the range of $450 million to $500 million.\n_____\nThis story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TWI at https://www.zacks.com/ap/TWI","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}