Why Titan International Inc's Shares Plunged 33% in August

Shares of Titan International Inc (NYSE: TWI) fell 32.7% in August, according to data provided by S&P Global Market Intelligence, primarily because of a weaker than expected earnings report. The company is growing once again, but not as fast as expected and losses are widening, leaving investors to wonder when the company will see the recovery management has indicated is on the horizon for over a year now.

Second quarter revenue jumped 10.4% to $364.4 million but net loss nearly doubled to $10.3 million, or $0.17 per share. The growth rate was reasonable, but the fact that margins and net income didn't improve significantly in the quarter was concerning.

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Source: Fool.com