Titan Machinery (TITN) Tops Q2 EPS by 3c

Titan Machinery (NASDAQ: TITN) reported Q2 EPS of $0.00, $0.03 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $334 million versus the consensus estimate of $358.58 million.

Equipment sales were $221.0 million for the second quarter of fiscal 2016, compared to $320.1 million in the second quarter last year. Parts sales were $62.1 million for the second quarter of fiscal 2016, compared to $70.5 million in the second quarter last year. Revenue generated from service was $32.8 million for the second quarter of fiscal 2016, compared to $38.4 million in the second quarter last year. Revenue from rental and other decreased to $18.3 million for the second quarter of fiscal 2016 from $21.9 million in the second quarter last year.

For earnings history and earnings-related data on Titan Machinery (TITN) click here.

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