Titan Machinery Inc. (TITN) reported fourth-quarter net income of $3.17 million, compared to $270 thousand last year.
Income available to common stockholders was $3.17 million or $0.18 per share, higher than $223 thousand or $0.02 per share in the prior-year quarter.
On average, four analysts polled by Thomson Reuters expected the company to report earnings of $0.21 per share. Analysts' estimates typically exclude special items.
Total revenue grew to $188.99 million from $135.16 milion in the comparable period a year ago.
Two analysts had a consensus revenue estimate of $175.88 million.
The company is anticipating achieving increased revenue for the full year ending January 31, 2010 in a range of $750 million to $790 million.
Net income is expected to be in the range of $16.6 million to $18.7 million. Taking into account a higher share count compared to fiscal 2009, the company expects to achieve earnings per share in the range of $0.92 to $1.04.
Analysts expect earnings of $1.08 per share, on revenues of $753.33 million.
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