Titan Shares Fall 25% as Farming Stress Weighs on Third-Quarter Tire Sales
Titan International posted a deeper third-quarter loss as higher fuel and planting costs led farming customers to extend tire use. Its shares fell 25% to $4.94 in premarket trading.
By Rob CurranShares of Titan International plummeted after the tire and wheel maker posted a deeper third-quarter loss, as rising fuel and planting costs forced farming customers to work tires longer.The company's stock sank 25% to $4.94 in premarket trading.The West Chicago, Ill., maker of tires f…