{"id":162697,"date":"2022-08-25T15:40:22","date_gmt":"2022-08-25T15:40:22","guid":{"rendered":"https:\/\/precoinnews.com\/?p=162697"},"modified":"2022-08-25T15:40:22","modified_gmt":"2022-08-25T15:40:22","slug":"titan-machinery-adds-6-as-profit-and-revenue-climb-in-q2","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/titan-machinery-adds-6-as-profit-and-revenue-climb-in-q2\/","title":{"rendered":"Titan Machinery Adds 6% As Profit And Revenue Climb In Q2"},"content":{"rendered":"
Shares of agricultural and construction equipment dealer Titan Machinery Inc. (TITN) are rising more than 6% Thursday morning after reporting improved second-quarter results.<\/p>\n
In the second quarter, net income was $25.0 million, or $1.10 per share, higher than $11.2 million, or $0.50 per share a year ago.<\/p>\n
Excluding one-time items, earnings were $25.0 million, or $1.10 per share. <\/p>\n
Quarterly revenue increased 31.5% to $496.5 million, helped primarily by increase in equipment sales.<\/p>\n
TITN is at $32.82 currently. It has traded in the range of $21.50-$38.58 in the last 1 year. <\/p>\n