Titan Company’s second quarter results announced: profit fell 23.06% year-on-year

Titan’s second quarter results live broadcast: Titan announced its second quarter results on November 5, 2024. Although profits fell sharply by 23.06%, total revenue increased by 16% year-on-year. Compared with the previous quarter, revenue increased by 9.56% and profit decreased by 1.54%.

The company’s selling expenses, general expenses and administrative expenses increased significantly, with a month-on-month increase of 4.06% and a year-on-year increase of 15.73%, which affected the overall profitability.

Operating income also took a hit, falling 1.66% from the previous quarter and down 15.94% year-over-year. Second quarter earnings per share (EPS) was $7.93, a decrease of 23.08% compared with the same period last year.

In terms of stock performance, Titan Corporation returned -1.62% last week, -1.24% over the past six months, and -12.11% year-to-date. The company’s current market capitalization is $286,537.8 Cr, a new 52-week high $3886.95 and lowest price $3055.65.

As of November 6, 2024, analyst sentiment on Titan Corporation was mixed, with 4 rating it a sell rating, 10 rating it a hold, 8 rating it a buy, and 7 The analyst assigns a strong buy rating. The consensus investor recommendation is Buy.