Toro: Fiscal Q2 Earnings Snapshot

BLOOMINGTON, Minn. (AP) — BLOOMINGTON, Minn. (AP) — Toro Co. (TTC) on Thursday reported fiscal second-quarter earnings of $167.5 million.

The Bloomington, Minnesota-based company said it had net income of $1.59 per share. Earnings, adjusted for non-recurring gains, were $1.58 per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.50 per share.

The landscaping, maintenance and irrigation equipment maker posted revenue of $1.34 billion in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $1.44 billion.

Toro expects full-year earnings in the range of $4.70 to $4.80 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