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Titan International (TWI -17.8%) gets hammered after its Q4 missed the mark late yesterday. Net...

  • Tuesday, February 26, 11:06 AM ET
    Titan International (TWI -17.8%) gets hammered after its Q4 missed the mark late yesterday. Net earnings swung to a loss as the tire makers results were hurt by a number of factors, including a larger tax provision, a slowdown in construction in Europe which negatively impacted its newly acquired Titan Europe business, as well as extra costs for starting up a wheel facility after an earthquake in Italy.
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    $TWI ER was actually more positive than negative. Gross profit and sales were up significantly YOY. Cash and investments also up.
    26 Feb, 11:18 AM Reply Like
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