Titan Int'l Slips To Q4 Loss, Backs 2014 Revenue Outlook - Quick Facts

(RTTNews) - Titan International Inc. (TWI) posted a fourth-quarter net loss of $15.58 million or $0.29 per share, compared to net income of $8.18 million or $0.16 per share in the prior-year quarter.

Excluding items, adjusted net loss for the quarter was $1.60 million or $0.03 per share, compared to adjusted net income of $4.12 million or $0.09 per share in the year-ago quarter.

On average, 12 analysts polled by Thomson Reuters expected the company to report earnings of $0.26 per share for the quarter. Analysts' estimates typically exclude special items.

Sales for the quarter edged up to $494.41 million from $493.64 million in the same quarter last year. Eleven Wall Street analysts had a consensus revenue estimate of $672.41 million for the quarter.

Looking ahead to fiscal 2014, the company continues to expect revenues between $2.4 billion and $2.7 billion. Street is currently looking for full-year 2014 revenues of $4.33 billion.