Titan Machinery Inc. (TITN) announced after the close Thursday that it expects to report a first quarter loss of $0.01 to $0.03 per share. The consensus estimate is for a profit of $0.19 per share. The company also lowered its full year EPS forecast to between $1.70 and $2.00, from prior expectations of $2.00 to $2.30.
Titan Machinery gapped open sharply lower Friday, but recovered some ground in early trade, before settling into a range. Shares finished down by 2.10 at $20.40 on above average volume. The stock fell below a month and a half long range and set a 6-month low.
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