WEST CHICAGO, Ill. (AP) — WEST CHICAGO, Ill. (AP) — Titan International Inc. (TWI) on Thursday reported a loss of $4.5 million in its second quarter.
On a per-share basis, the West Chicago, Illinois-based company said it had a loss of 7 cents. Losses, adjusted for non-recurring costs, came to 2 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The wheel and tire supplier posted revenue of $460.8 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $476.2 million.
For the current quarter ending in September, Titan International said it expects revenue in the range of $450 million to $475 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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