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
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.