Titan Machinery Meets on Q2 Earnings, Lowers FY25 View on Soft Demand

Titan Machinery Inc. (TITN) reported adjusted earnings per share (EPS) of 17 cents in second-quarter fiscal 2025 (ended Jul 31, 2024), in line with the Zacks Consensus Estimate. The bottom line fell from an EPS of $1.38 reported in the year-ago quarter due to weak agricultural demand. Total revenues in the reported quarter were$634 million, down 1.4% from the year-ago quarter, reflecting weak demand. The top line missed the consensus mark of $662 million. Equipment revenues fell 3.1$465 ...