TITN - Why Titan Machinery Shares Are Rocketing Today? | Benzinga
Titan Machinery Inc (NASDAQ: TITN) shares are shooting higher by around 12% after reporting better-than-expected Q2 FY24 results.
The company recorded revenue growth of 29.4% Y/Y to $642.57 million, beating the consensus of $602.41 million.
The agricultural and construction equipment stores company registered an EPS of $1.38, beating the consensus of $1.17.
Segment Results: Agriculture Segment revenues totaled $469.1 million (+34.4% Y/Y), Construction totaled nearly $82.9 million (+18.3% Y/Y), and Europe (formerly International) totaled $90.6 million (+16.9% Y/Y).
Equipment sales increased to $480.1 million (from $375.2 million a year ago), and Parts sales rose to $108.5 million (from $77.7 million ...