WEST CHICAGO, Ill. (AP) — WEST CHICAGO, Ill. (AP) — Titan International Inc. (TWI) on Wednesday reported a loss of $649,000 in its first quarter.
The West Chicago, Illinois-based company said it had a loss of 1 cent per share. Earnings, adjusted for non-recurring costs, came to 1 cent per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The wheel and tire supplier posted revenue of $490.7 million in the period.
For the current quarter ending in June, Titan International said it expects revenue in the range of $450 million to $500 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TWI at https://www.zacks.com/ap/TWI
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