Toro Co Q2 Profit Decreases, but beats estimates

Toro Co (TTC) reported earnings for second quarter that decreased from the same period last year but beat the Street estimates.

The company's bottom line came in at $131.12 million, or $1.24 per share. This compares with $142.17 million, or $1.31 per share, in last year's second quarter.

Excluding items, Toro Co reported adjusted earnings of $132.13 million or $1.25 per share for the period.

Analysts on average had expected the company to earn $1.23 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.7% to $1.25 billion from $1.15 billion last year.

Toro Co earnings at a glance (GAAP) :

-Earnings (Q2): $131.12 Mln. vs. $142.17 Mln. last year.
-EPS (Q2): $1.24 vs. $1.31 last year.
-Analyst Estimates: $1.23
-Revenue (Q2): $1.25 Bln vs. $1.15 Bln last year.

Full year EPS guidance: Adj: $4.00 to $4.15

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