Second quarter fiscal year 2021 results for Titan Machinery surprised analysts as it reported revenue and margin gains that surpassed expectations. Despite a drop off in total revenues, Case IH’s and Case Construction’s largest equipment retailer in North America came through the quarter in a better position than anticipated.

In a note to investors, Rick Nelson, analyst with Stephens, said, “Revenue decreased (3.7%) to $303.5 million, well above consensus of $266.9 million, indicating far less…