Titan International (TWI) stock surged 8.25% in the after-hours trading session on Wednesday, following the release of its fourth-quarter 2024 financial results.
The company reported strong quarterly sales of $383.6 million, with a gross profit of $41.2 million and a gross margin of 10.7%. These solid figures seem to have fueled the after-hours rally in Titan's stock price.
Investors reacted positively to the company's better-than-expected performance, driving the shares higher in extended trading. The after-hours surge reflects the market's optimism about Titan's prospects based on its latest quarterly results.
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