Titan International: Q4 Earnings Snapshot

WEST CHICAGO, Ill. (AP) — WEST CHICAGO, Ill. (AP) — Titan International Inc. (TWI) on Thursday reported a loss of $2.6 million in its fourth quarter.

On a per-share basis, the West Chicago, Illinois-based company said it had a loss of 4 cents. Earnings, adjusted for non-recurring costs and restructuring costs, came to 34 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.

The wheel and tire supplier posted revenue of $390.2 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $418.1 million.

For the year, the company reported profit of $78.8 million, or $1.25 per share. Revenue was reported as $1.82 billion.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TWI at https://www.zacks.com/ap/TWI