Agricultural and construction equipment stores provider Titan Machinery Inc. (TITN) Thursday announced net loss for the fourth quarter on a provision for income taxes, and reduced revenues, compared to profit last year. On a per share basis, earnings increased from the previous year.
In the Pre-market, shares are at $13.69, down 7.06 percent.
Net loss for the quarter was $43.76 million, compared to profit of $23.96 million a year ago. Earnings per share was $1.93, up from $1.05 in the prior year.
On average, 3 analysts had expected the company to report loss of $0.63 per share. Analysts estimates usually exclude special items.
Revenue for the quarter declined to $759.92 million, from $852.13 million last year. Analysts were looking for revenue of $728.55 million.
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