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The Toro Company $TTC has released its quarterly earnings. Revenue of $1.16B (+6.93% YoY) misses by $103M. EPS of $1.18 (+24.21% YoY) misses by $0.04.
$TLYS Earnings: - Total net sales were $162.9 million, an increase of $2.9 million or 1.8%, compared to $160.0 million last year, primarily due to the calendar shift impact of last year's 53rd week in the retail calendar, which caused a portion of the back-to-school season's… https://t.co/1pSqkUPsVc
$TTC (-7.7% pre) The Toro Company Reports Results for the Third Quarter of Fiscal 2024 - Stock Titan https://t.co/6CjYHLb2UN
The Toro Company has reported its financial results for the third quarter of fiscal 2024. The company achieved net sales of $1.16 billion, reflecting a 6.9% increase from $1.08 billion in the same period of fiscal 2023. The reported diluted earnings per share (EPS) for the third quarter was $1.14, a significant improvement from a loss of $0.14 in the same period last year. Adjusted diluted EPS stood at $1.18, marking a 24.2% increase year-over-year. Despite these gains, the revenue missed expectations by $103 million, and the EPS missed by $0.04. Consequently, The Toro Company's stock fell by 7.7% in pre-market trading.
