Titan Machinery Quadruples 1Q Profit

June 10, 2011

Titan Machinery announced that its profit more than quadrupled in its fiscal first quarter on acquisitions and strong demand for equipment.

The West Fargo, N.D., company also raised its earnings and revenue guidance for the full year. Its shares jumped $2.24, or 8.3 percent, to $29.34 in morning trading.

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Source: AP