Toro Co Earnings Climb 27% In Q1

(RTTNews) - Toro Co (TTC) revealed a profit for its first quarter that advanced from last year.

The company said its bottom line totaled $39.26 million, or $0.70 per share. This was up from $30.95 million, or $0.54 per share, in last year's first quarter.

Analysts had expected the company to earn $0.58 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.6% to $486.40 million. This was up from $474.21 million last year.

Toro Co earnings at a glance:

-Earnings (Q1): $39.26 Mln. vs. $30.95 Mln. last year. -Earnings Growth (Y-o-Y): 26.8% -EPS (Q1): $0.70 vs. $0.54 last year. -EPS Growth (Y-o-Y): 29.6% -Analysts Estimate: $0.58 -Revenue (Q1): $486.40 Mln vs. $474.21 Mln last year. -Revenue Change (Y-o-Y): 2.6%

-Guidance: Next quarter EPS guidance: $1.75 - $1.80 Full year EPS guidance: $3.85 - $3.95