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WEST CHICAGO, Ill. (AP) — WEST CHICAGO, Ill. (AP) — Titan International Inc. (TWI) on Wednesday reported fourth-quarter profit of $1.3 million.
On a per-share basis, the West Chicago, Illinois-based company said it had net income of 2 cents. Earnings, adjusted for non-recurring costs and restructuring costs, came to 9 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.
The wheel and tire supplier posted revenue of $383.6 million in the period.
For the year, the company reported a loss of $5.6 million, or 8 cents per share. Revenue was reported as $1.85 billion.
For the current quarter ending in March, Titan International said it expects revenue in the range of $450 million to $500 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TWI at https://www.zacks.com/ap/TWI