BLOOMINGTON, Minn. (AP) — BLOOMINGTON, Minn. (AP) — Toro Co. (TTC) on Thursday reported fiscal second-quarter net income of $144.8 million.
On a per-share basis, the Bloomington, Minnesota-based company said it had net income of $1.38. Earnings, adjusted for non-recurring costs, were $1.40 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.27 per share.
The landscaping, maintenance and irrigation equipment maker posted revenue of $1.35 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $1.33 billion.
Toro expects full-year earnings in the range of $4.25 to $4.35 per share.
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