Plus   Neg

Toro Lifts 2019 Profit View - Quick Facts

Toro Co. (TTC) said it narrowed its fiscal year 2019 adjusted net earnings per share guidance to about $2.92 - $3.00 from the prior estimation of $2.90 - $3.00. Analysts polled by Thomson Reuters expect the company to report earnings of $2.91 per share for fiscal year 2019. Analysts' estimates typically exclude special items.

The company now expects annual revenue to exceed $3.1 billion, compared to the prior outlook of about $3.2 billion. Analysts expect revenues of $3.19 billion.

"... we are mindful of challenging weather conditions and the trade policy environment the entire market is experiencing. In addition, as we proactively manage inventory levels, we expect to experience some unfavorable manufacturing variance in the fourth quarter. For these reasons, we are modifying our full-year revenue guidance and narrowing the bottom end of our full-year adjusted net EPS range to reflect the solid performance we have achieved year-to-date.." said Richard Olson, Toro's chairman and chief executive officer.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Toyota Motor Corp. (TM) announced plans to invest $391 million at its pickup truck assembly plant in San Antonio, Texas. The investment is part of the Japanese automaker's plan to invest $13 billion in its U.S. operations over five years through 2021. The company said the investment will be used... Virgin Atlantic is set to challenge British Airways' dominance at London Heathrow as the carrier announced plans to fly to 84 new destinations from the airport when its third runway is opened. Chief Executive Shai Weiss said, "Heathrow has been dominated by one airline group for far too long. The... Walmart (WMT) on Wednesday announced that it is teaming up with Capital One to roll out two new credit cards designed to compete with cards from Apple and Amazon. The companies said the Capital One Walmart Rewards Credit Card Program with two new cards will launch on September 24. The program's Mastercard...
Follow RTT