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Titan International (TWI) Stock Trades Down, Here Is Why

What Happened? Shares of agricultural and farm machinery company Titan (NSYE:TWI) fell 6.9% in the morning session after the company reported third-quarter financial results that included a weak forecast for the fourth quarter. While the company's third-quarter revenue of 466.5millionandadjustedEBITDAof466.5 million and adjusted EBITDA of 29.8 million both surpassed analyst expectations, investors were more concerned about the weaker outlook. For the upcoming fourth quarter, Titan guided for revenue of $397.5 million at the midpoint ...