Why Titan International Stock Is Falling Today
Why Titan International Stock Is Falling Today
Titan International, Inc. (NYSE:TWI) shares are trading lower after the company reported worse-than-expected fourth-quarter sales results.
What to Know: On Monday after market closure, Titan International reported its fourth-quarter and full-year results for the period ending Dec. 31, 2022.
The company announced quarterly earnings of $0.44 per share, meeting the analyst consensus estimate. Titan International reported quarterly sales of $509.77 million compared to the analyst consensus estimate of $523.30 million, representing a negative revenue surprise of 2.59%.
Titan International reported record yearly earnings of $2.20 per share compared to $0.60 per share in 2021. The company announced yearly sales of $2.17 billion, representing a 22% increase from 2021.
"The Titan team executed at a very high level once again and closed the year by delivering record fourth-quarter results. This strong performance supported annual records for sales, profitability, and cash flow for the full year 2022” stated Paul Reitz, President, and Chief Executive Officer.
Titan International, Inc. is a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products.
According to data from Benzinga Pro, Titan International shares were down 19.7%, trading at $12.16 at the time of publication. The stock has a 52-week high of $19.81 and a 52-week low of $10.81.
Photo: courtesy of Titan International, Inc.
Titan International, Inc. (NYSE:TWI) shares are trading lower after the company reported worse-than-expected fourth-quarter sales results.
泰坦國際股份有限公司 紐約證券交易所代號:TWI) 在該公司報告的第四季度銷售業績差於預期後，股價走低。
What to Know: On Monday after market closure, Titan International reported its fourth-quarter and full-year results for the period ending Dec. 31, 2022.
需要知道什麼： 在市場關閉後的星期一，泰坦國際公佈截至 2022 年 12 月 31 日止的第四季及全年業績。
The company announced quarterly earnings of $0.44 per share, meeting the analyst consensus estimate. Titan International reported quarterly sales of $509.77 million compared to the analyst consensus estimate of $523.30 million, representing a negative revenue surprise of 2.59%.
該公司宣布每股 0.44 美元的季度收益，符合分析師的共識估計。泰坦國際報告的季度銷售額為 509.77 億美元，而分析師的共識估計為 523.30 萬美元，負收入驚喜為 2.59%。
Titan International reported record yearly earnings of $2.20 per share compared to $0.60 per share in 2021. The company announced yearly sales of $2.17 billion, representing a 22% increase from 2021.
泰坦國際公司報告了創紀錄的每股盈利為 2.20 美元，而 2021 年的每股盈利則為 0.60 美元。該公司宣佈年銷售額為 217 億美元，比 2021 年增長 22%。
"The Titan team executed at a very high level once again and closed the year by delivering record fourth-quarter results. This strong performance supported annual records for sales, profitability, and cash flow for the full year 2022” stated Paul Reitz, President, and Chief Executive Officer.
「Titan 團隊再次以非常高的水平執行，並通過創紀錄的第四季度業績結束了今年。表示，這種強勁的業績支持了 2022 年全年銷售，盈利能力和現金流的年度記錄 保羅·賴茨總裁兼首席執行官
Titan International, Inc. is a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products.
泰坦國際公司是全球領先的越野車輪，輪胎，組件和底盤系列產品製造商。
According to data from Benzinga Pro, Titan International shares were down 19.7%, trading at $12.16 at the time of publication. The stock has a 52-week high of $19.81 and a 52-week low of $10.81.
根據本辛加臨的數據，泰坦國際股價下跌了 19.7％，在發布時的交易價格為 12.16 美元。該股有 52 周高點 19.81 美元和 52 周低點 10.81 美元。
Photo: courtesy of Titan International, Inc.
照片：由泰坦國際有限公司提供
譯文內容由第三人軟體翻譯。
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