Titan Machinery Reports Weak Quarter

Numbers released by Titan Machinery in April showed revenues down for the fourth quarter of FY 2015 compared to the same quarter last year. Overall revenue was 31% lower than the same quarter last year. In breakout categories, the company reported about a 34% decline in equipment sales, a 17% decline in parts, a nearly 19% decline in services, and an 8% decline in rentals.

Gross profit for the fourth quarter of 2015 was 30% less than the same quarter last year. S