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Stock impact report

Yahoo Finance [Yahoo! Finance]

Toro Company (The) (TTC) 
Last toro company (the) earnings: 3/5 08:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Toro reported lower-than-expected sales and guidance as it faced a difficult economic environment. The lawnmower and other outdoor equipment maker's adjusted profit was in line with forecasts, but net income came up short. Toro's full-year outlooks for adjusted EPS and revenue were below analysts' estimates. The Toro Company ( TTC ) shares fell Wednesday as the maker of lawnmowers, snowblowers, and other outdoor equipment missed sales estimates and gave weak guidance as it faced a tough economic climate. Toro reported fourth-quarter revenue increased 9% to $1.08 billion, while analysts surveyed by Visible Alpha were looking for $1.09 billion. Adjusted earnings per share (EPS) of $0.95 aligned with estimates but net income of $89.9 million was below forecasts. Professional segment sales were up 10% to $913.9 million, primarily because of higher shipments of golf and grounds products and underground construction equipment, along with higher prices. Sales at its Residential di Show less Read more
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