WEST CHICAGO, Ill. (AP) — WEST CHICAGO, Ill. (AP) — Titan International Inc. (TWI) on Thursday reported a loss of $56 million in its fourth quarter.
The West Chicago, Illinois-based company said it had a loss of 88 cents per share. Losses, adjusted for non-recurring costs, came to 27 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 26 cents per share.
The wheel and tire supplier posted revenue of $410.4 million in the period.
For the year, the company reported a loss of $63.5 million, or $1 per share. Revenue was reported as $1.83 billion.
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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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