BLOOMINGTON, Minn. (AP) — BLOOMINGTON, Minn. (AP) — Toro Co. (TTC) on Thursday reported fiscal third-quarter net income of $53.5 million.
On a per-share basis, the Bloomington, Minnesota-based company said it had net income of 54 cents. Earnings, adjusted for non-recurring costs, came to $1.24 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.
The landscaping, maintenance and irrigation equipment maker posted revenue of $1.13 billion in the period.
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