Toro Co Reports 28% Advance In Q4 Bottom Line

(RTTNews) - Toro Co (TTC) reported earnings for its fourth quarter that gained ground from last year.

The company said its bottom line came in at $30.23 million, or $0.27 per share. This was up from $23.55 million, or $0.21 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.21 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.6% to $468.36 million. This was down from $480.81 million last year.

Toro Co earnings at a glance:

-Earnings (Q4): $30.23 Mln. vs. $23.55 Mln. last year. -Earnings Growth (Y-o-Y): 28.4% -EPS (Q4): $0.27 vs. $0.21 last year. -EPS Growth (Y-o-Y): 28.6% -Analysts Estimate: $0.21 -Revenue (Q4): $468.36 Mln vs. $480.81 Mln last year. -Revenue Change (Y-o-Y): -2.6%

-Guidance: Next quarter EPS guidance: $0.34 - $0.36