Toro Co (TTC) reported a profit for its fourth quarter that advanced from the same period last year.
The company’s profit came in at $39.04 million, or $0.36 per share. This compares with $33.85 million, or $0.31 per share, in last year’s fourth quarter.
Excluding items, Toro Co reported adjusted earnings of $34.21 million or $0.32 per share for the period.
Analysts had expected the company to earn $0.34 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 10.4% to $539.30 million from $488.63 million last year.
Toro Co earnings at a glance:
-Earnings (Q4): $34.21 Mln. vs. $32.99 Mln. last year.
-EPS (Q4): $0.32 vs. $0.30 last year.
-Analysts Estimate: $0.34
-Revenue (Q4): $539.30 Mln vs. $488.63 Mln last year.
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