Toro Co Q1 adjusted earnings Beat Estimates

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

The company's earnings came in at $59.54 million, or $0.55 per share. This compares with $22.60 million, or $0.21 per share, in last year's first quarter.

Excluding items, Toro Co reported adjusted earnings of $55.18 million or $0.51 per share for the period.

Analysts had expected the company to earn $0.50 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.0% to $602.96 million from $548.25 million last year.

Toro Co earnings at a glance:

-Earnings (Q1): $55.18 Mln. vs. $52.14 Mln. last year. -EPS (Q1): $0.51 vs. $0.48 last year. -Analysts Estimate: $0.50 -Revenue (Q1): $602.96 Mln vs. $548.25 Mln last year.