Toro Co (TTC) revealed a profit for fourth quarter that Decreased from last year but beat the Street estimates.
The company's earnings came in at $73 million, or $0.74 per share. This compares with $89.9 million, or $0.87 per share, last year.
Excluding items, Toro Co reported adjusted earnings of $89.4 million or $0.91 per share for the period.
Analysts on average had expected the company to earn $0.87 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 0.9% to $1.066 billion from $1.076 billion last year.
Toro Co earnings at a glance (GAAP) :
-Earnings: $73 Mln. vs. $89.9 Mln. last year.-EPS: $0.74 vs. $0.87 last year.-Revenue: $1.066 Bln vs. $1.076 Bln last year.
Looking ahead, for the full year (fiscal 2026), the company expects its earnings below Street view.
Toro Company, said: “For fiscal 2026, management expects total company net sales growth in the range of 2% to 5% and adjusted diluted earnings per share in the range of $4.35 to $4.50. This guidance reflects mid-single digit earnings growth for the near term.”
Analysts, on average, forecast the company to report earnings of $4.63 per share for the year.
For fiscal 2025, Toro Company has posted adjusted income of $4.20 per share, on sales of $4.510 billion.
TTC was up by 3.11% at $75 in the pre-market trade on the New York Stock Exchange.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.