Toro Co Reports 14% Gain In Q2 Earnings

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

The company said its bottom line advanced to $120.48 million, or $1.08 per share. This was up from $105.68 million, or $0.94 per share, in last year's second quarter.

Analysts had expected the company to earn $1.03 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.3% to $872.77 million. This was up from $836.44 million last year.

Toro Co earnings at a glance:

-Earnings (Q2): $120.48 Mln. vs. $105.68 Mln. last year. -Earnings Growth (Y-o-Y): 14.0% -EPS (Q2): $1.08 vs. $0.94 last year. -EPS Growth (Y-o-Y): 14.9% -Analysts Estimate: $1.03 -Revenue (Q2): $872.77 Mln vs. $836.44 Mln last year. -Revenue Change (Y-o-Y): 4.3%