Titan Machinery drops after Q4 results miss

Titan Machinery

16/03/2023 11:56

March 16 (Reuters) -    
    ** Shares of agricultural equipment maker Titan Machinery
Inc  TITN.O  down 8.99% to $36 premarket
    ** Co posts Q4 adj EPS of $0.81 vs estimates of $1.13,
according to Refinitiv data
    ** Posts Q4 rev of $583 mln vs est of $684.4 mln
    ** Q4 impacted by delayed new equipment shipments - CEO
    ** CEO expects availability to remain a limiting factor in
near-term 
    ** TITN down ~0.43% YTD

 (Reporting by Anandita Mehrotra in Bengaluru)
 ((Anandita.Mehrotra@thomsonreuters.com;))