Toro Reports Better-Than-Expected Q3 Non-GAAP EPS and Revenue
Toro (NYSE: TTC) reported third-quarter results that exceeded expectations, with a non-GAAP earnings per share of $1.33, beating estimates by $0.02. The company also generated revenue of $1.23 billion, surpassing forecasts by $40 million and growing 8.8% year-over-year. Toro has raised its full-year guidance for both net sales and adjusted EPS. It now anticipates total company net sales growth between 6.3% and 6.6%, up from the previous range of 4.0% to 6.5%. The revised *adjusted EPS is expected to be in the $4.60 to $4.65 range, compared to a prior forecast of $4.50 to $4.62. The improved performance reflects strong demand and operational execution across its business segments.
Tickers: $TTC
Topics: Earnings Guidance Upgrade