The Toro Company Reports Record First Quarter Results
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February 21, 2019 3:38 PM EST
Raymond James analyst Samuel Darkatsh questions today's move in Toro (NYSE: TTC) following results, saying shares "seem clearly overbought here."
The firm maintained a Market Perform rating.
For an analyst ratings summary and ratings history on Toro... More
February 21, 2019 8:32 AM EST
Toro Company (NYSE: TTC) reported Q1 EPS of $0.51, $0.01 better than the analyst estimate of $0.50. Revenue for the quarter came in at $603 million versus the consensus estimate of $575.15 million.
Our professional businesses delivered another good quarter, led by strength in landscape contractor sales, increased golf and grounds channel demand, and positive momentum in our BOSS® business, said Richard M. Olson, Toros chairman and chief executive officer. New products were again the key to success, as customers responded favorably to the latest lineup of our Exmark® Lazer®, and Radius® zero-turn riding mowers, and the BOSS® Stainless... More
