Titan Machinery Inc. shares tumbled more than 19 percent Monday morning after the company posted lower-than-expected net income for its fiscal second quarter and cut its profit prediction for the full year.
The West Fargo-based agriculture and construction equipment dealership chain broke ground on Tuesday for a facility that is expected to cost up to $6 million. It will replace the existing Titan facility in Jamestown that store Manager Tom Hausmann says lacks space.
Titan Machinery Inc. shares tumbled 19 percent after the company said its fiscal first-quarter profit rose 4.5 percent on a jump in sales, but higher costs offset much of the growth and its profit fell short of Wall Street predictions.
West Fargo-based Titan Machinery Inc. says its second-quarter earnings plunged 44 percent as higher expenses overshadowed increased revenue.
, September 09, 2010
Showing 1 - 7 of 7
View your ad here! Cost effective targeted advertising. Contextual advertising starting as low as $79/month. This includes targeted ad delivery and search results! Add your business to the Marketplace »