05:19 PM EDT, 08/14/2024 (MT Newswires) -- Titan Machinery ( TITN ) shares fell 20% in recent after-hours activity on Wednesday after the company reported preliminary fiscal Q2 adjusted earnings of $0.17 per diluted share.

Analysts polled by Capital IQ expect $0.60.

Revenue for the quarter ended July 31 is expected to be about $634 million, down from $642.6 million a year earlier. Analysts surveyed by Capital IQ expect $696.5 million.

The company revised its fiscal 2025 adjusted earnings estimates to $0 to $0.50 per diluted share from a previous assumption of $2.25 to $2.75. Analysts polled by Capital IQ expect $2.26.

Price: 12.00, Change: -3.37, Percent Change: -21.93