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What: Shares of tire maker Titan International (NYSE: TWI) were rolling along today, gaining as much as 13% in intraday trading after the company reported fourth-quarter results.

So what: Titan doesn't make wimpy tires for your economy-sized sedan, it makes serious tires for serious, off-road work like mining and agriculture and sells those tires to folks like Deere and AGCO. And it was strength in those industry groups that helped Titan ride roughshod over analysts' estimates. For the quarter, the Wall Street know-it-alls were looking for earnings per share of $0.05 on sales of $194 million. Titan easily topped both marks with sales of $233 million and EPS -- excluding one-time items -- of $0.16.

Now what: Looking ahead, the company is excited about its prospects abroad, particularly after signing an agreement with Goodyear for its farm tire business in South America, Europe, Africa, and Eastern Europe. The company will also likely have a nice tailwind if commodity prices continue to march higher. Balancing all of that out in investors' eyes, though, are some issues that the company has had with the United Steelworkers and its spotty record of producing profits. Wall Street is looking for a strong turnaround, with expected 2011 earnings per share of $0.68, but the stock still looks a bit pricey to this Fool.

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Fool contributor Matt Koppenheffer does not own shares of any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter @KoppTheFool or on his RSS feed. The Fool's disclosure policy prefers dividends over a sharp stick in the eye.