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Titan Machinery Inc. (TITN) Jumped To An 11-Month High On Q4 News

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Titan Machinery Inc. (TITN: Quote) reported fourth quarter net income of $0.84 per share Wednesday morning, up from $0.57 per share last year. The company expects to report full year 2013 EPS of $2.55 to $2.75.

Titan Machinery gapped up sharply Wednesday and climbed in early trade, but settled into a range for the majority of the session. Shares finished up by 4.58 at $32.05 on the highest volume of the year. The stock closed challenging resistance at the highs of the year, trading at an 11-month high.

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by RTT Staff Writer

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