Toro Company Q2 Profit Tops View; Backs FY15 Outlook - Quick Facts

(RTTNews) - The Toro Company (TTC) reported second-quarter net income of $93.8 million or $1.64 per share, compared to $87.1 million or $1.51 per share, prior year.

On average, three analysts polled by Thomson Reuters expected the company to report profit per share of $1.62 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $826.24 million from $745.03 million last year, while two analysts expected revenue of $805.40 million for the quarter.

For the third quarter, the company expects net earnings per share to be about $0.85 to $0.90. Analysts expect the company to report third-quarter earnings per share of $0.96.

The company continues to expect revenue growth for fiscal 2015 to be about 8 to 10 percent, and now expects net earnings per share to be about $3.35 to $3.45. Analysts expect the company to report fiscal 2015 earnings per share of $3.47.