Toromont Industries Ltd. (TIH.TO) Wednesday reported a rise in profit for the first quarter, as revenues grew 11 percent over last year.
Net earnings for the quarter improved to $17.8 million or $0.23 per share from $17.0 million or $0.22 per share in the same period last year.
On average, 10 analysts polled by Thomson Reuters expected the company to earn $0.26 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled $313.1 million, up 11 percent from $281.5 million last year. Analysts expected revenues of $304.02 million.
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