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.
泰坦国际有限公司 纽约证券交易所代码:TWI)公布的第四季度销售业绩低于预期后,股价走低。
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.
要知道什么: 周一收盘后,泰坦国际公布了截至2022年12月31日的第四季度和全年业绩。
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%.
该公司宣布季度每股收益为0.44美元,符合分析师的共识预期。泰坦国际公布的季度销售额为5.0977亿美元,而分析师的共识估计为5.233亿美元,收入意外为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.
泰坦国际公布的每股年收益为创纪录的2.20美元,而2021年的每股收益为0.60美元。该公司宣布年销售额为21.7亿美元,比2021年增长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.
“泰坦队再次达到了很高的水平,并在今年结束时取得了创纪录的第四季度业绩。这种强劲的表现支撑了2022年全年销售额、盈利能力和现金流的年度记录 保罗·雷茨,总裁兼首席执行官。
Titan International, Inc. is a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products.
Titan International, Inc. 是全球领先的非公路车轮、轮胎、总成和起落架产品的制造商。
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.
根据Benzinga Pro的数据,泰坦国际股价下跌了19.7%,在发布时交易价格为12.16美元。该股创下52周高点19.81美元,52周低点为10.81美元。
Photo: courtesy of Titan International, Inc.
照片:由泰坦国际公司提供
译文内容由第三方软件翻译。
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