Toro: Fiscal Q1 Earnings Snapshot

Associated Press Finance

Thu, Mar 7, 2024, 8:37 AM1 min read

In this article:

BLOOMINGTON, Minn. (AP) — BLOOMINGTON, Minn. (AP) — Toro Co. (TTC) on Thursday reported fiscal first-quarter earnings of $64.9 million.

The Bloomington, Minnesota-based company said it had net income of 62 cents per share. Earnings, adjusted for non-recurring costs, came to 64 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.

The landscaping, maintenance and irrigation equipment maker posted revenue of $1 billion in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $996.9 million.

Toro expects full-year earnings in the range of $4.25 to $4.35 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TTC at https://www.zacks.com/ap/TTC

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