The Toro Co. (TTC) posted a plunge in fourth-quarter net earnings to $0.3 million, from last year's $5 million. On a per share basis, the company reported a breakeven for the recent quarter, versus $0.08 a year before. On average, 5 analysts polled by Thomson Reuters expected breakeven per share for the quarter. Analysts' estimates typically exclude one-time items.
Quarterly net sales were down 7.8 percent to $339.3 million, from $$368.1 million in the comparable fiscal 2011 period. Analysts estimated revenues of $349.83 million for the quarter.
Earnings per share figures for the period reported have been adjusted to reflect the company's 2-for-1 stock split effective June 29, 2012, the company added.
For the first quarter, the company expects net earnings to be about $0.40 to $0.45 per share, positively impacted by anticipated accelerated purchases of diesel products in advance of the Tier 4 price change. Two analysts project first-quarter earnings of $0.39 per share.
The company sees revenue growth for fiscal 2013 to be about 4 to 5 percent, and net earnings to be about $2.35 to $2.40 per share. Analysts anticipate earnings of $2.45 per share for the full year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.