Titan International Q1 Profit Declines; Sales Drop 7% - Quick Facts

(RTTNews) - Titan International, Inc. (TWI) reported that its first-quarter net income attributable to company decreased to $2.16 million from $19.47 million, previous year. Earnings per share was $0.04, compared to $0.34, a year ago. Adjusted net income was $2.16 million or $.04 per share, for the quarter. On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.36 for the quarter. Analysts' estimates typically exclude special items.

Net sales decreased to $538.94 million from $578.39 million. Analysts expected revenue of $600.11 million for the quarter.