TITAN Reports Q3 , Misses on Revenue and EPS; Lowers Guidance

Titan Machinery (NASDAQ: TITN) reported FY2016 3rd quarter financials this morning.

$TITN Reports Q3 Revenue $344 Million , Misses $416 Milllion Revenue Estimates by $72 Million -17%

https://t.co/AXSs5XAMDy reports $TITN expects loss on an annual basis, despite anticipated improvement in 4t quarter results in fiscal 2016

— tom renna (@StockPicker908) December 3, 2015

$TITN The Company ended the third quarter of fiscal 2016 on Oct 31,2015 with cash of $78.4 million down from $127 million on January 31,2015

— tom renna (@StockPicker908) December 3, 2015

$TITN Pre-tax loss was $3.6 million for the first nine months of fiscal 2016, compared to $1.1 million for the same period last year.

— tom renna (@StockPicker908) December 3, 2015

$TITN Fiscal 2016 First Nine Months Results Revenue $1.03 billion first nine months FY2016 vs $1.41 billion for the same period last year

— tom renna (@StockPicker908) December 3, 2015

$titn Fiscal 2016 Third Quarter Results fiscal 2016, FY2016 Q3 Op Exp 15.5% of rev, $53.5 million, vs14.1% of rev, $69.5m, fy2015 q3

— tom renna (@StockPicker908) December 3, 2015

$titn Fiscal 2016 Third Quarter Results fiscal 2016, revenue was $345.0 million, compared to $493.1 million in the third quarter last year

— tom renna (@StockPicker908) December 3, 2015