Titan Machinery gets lift from Q1 results and raised full year guidance
Shares of Titan Machinery Inc. (Nasdaq:TITN) got a jolt in morning trading after the agriculture and construction equipment store operator reported fiscal first-quarter results pre-bell that trumped the consensus on Wall Street. The Fargo, N.D.-based firm also raised its full year revenue and net income outlook on account of recent financial performance and its customers’ annual production cycles.
Shares gained 9.5%, or $2.65, to $30.55 in late morning trading. For detailed price information and recent news stories about Titan Machinery, click TITN.
