Titan Machinery (TITN) Misses on Q1 Earnings, Lowers FY25 View

Titan Machinery Inc. (TITN) reported earnings per share (EPS) of 41 cents in first-quarter fiscal 2025 (ended Apr 30, 2024), which missed the Zacks Consensus Estimate of 67 cents. The bottom line marked a 66% plunge from EPS of $1.19 reported in the year-ago quarter due to lower equipment gross margins and incremental floorplan interest expenses. TITN's results reflect weak demand and high levels of inventory in many product categories. Total revenues were$628.7 million, up 10.4% from the year-ago quarter. ...