Toro (TTC) Reports Better-Than-Expected Q4 Results; Adds 3M Shares to Buyback; Raises Qtr. Dividend to 20c/Share; Guides Q1, FY11

December 7, 2010 8:33 AM EST
Toro Co. (NYSE: TTC) reports Q4 EPS of $0.10, 5 cents better than the analyst estimate of $0.05. Revenue for the quarter came in at $337.3 million, versus the consensus estimate of $329.27 million.

Adds 3 million shares to its current buyback program.

Raises its quarterly dividend to 20c per common share.

Sees Q1 EPS of about 40c, vs. the consensus of 40c.

Sees FY11 EPS of about $3.20 on sales which will be up about 5%. The Street is currently looking for FY11 EPS of $3.27.

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