Titan Machinery Cites Declining Customer Sentiment for Reducing FY Outlook

Despite posting hefty revenue gains through the second quarter and first half of its 2014 fiscal year, Titan Machinery cut its full-year outlook to $2.25-$2.45 billion from its earlier forecast of $2.35-$2.55 billion.

For the second quarter ended July 31, the dealer group posted revenue gains of 19% to $488.2 million vs. $410.1 million for the second quarter last year. Equipment sales were $358.4 million compared to $306.2 million in the second quarter last year…

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