Toro Q3 Adj EPS $0.95 Misses $1.24 Estimate, Sales $1.08B Miss $1.22B Estimate
Portfolio Pulse from Benzinga Newsdesk
Toro (NYSE:TTC) reported Q3 adjusted earnings of $0.95 per share, missing the analyst consensus estimate of $1.24 by 23.39%. This is a 20.17% decrease from the same period last year. The company also reported quarterly sales of $1.08 billion, missing the analyst consensus estimate of $1.22 billion by 11.39%, a 6.89% decrease from the same period last year.
September 07, 2023 | 12:31 pm
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NEGATIVE IMPACT
Toro's Q3 earnings and sales missed estimates, indicating a potential negative impact on its stock price.
Toro's Q3 earnings and sales fell short of analyst estimates, which could lead to a decrease in investor confidence and a potential drop in the stock price. The decrease in earnings and sales compared to the same period last year further supports this potential negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100