Toro Q4 Adj. EPS $0.71 Beats $0.56 Estimate, Sales $983.20M Beat $973.65M Estimate
Portfolio Pulse from Benzinga Newsdesk
Toro (NYSE:TTC) reported Q4 adjusted EPS of $0.71, surpassing the $0.56 estimate, and sales of $983.20M, exceeding the $973.65M estimate. However, these figures represent a 36.04% decrease in earnings and a 16.11% decrease in sales from the same period last year.
December 20, 2023 | 1:32 pm
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NEUTRAL IMPACT
Toro's Q4 results exceeded analyst expectations for both EPS and sales, but showed a notable decline from the previous year's figures.
While Toro's earnings and sales beat estimates, the significant year-over-year decline may concern investors. The mixed results could lead to a neutral short-term impact on the stock price as the market digests both the positive surprise and the negative trend.
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IMPORTANCE 75
RELEVANCE 100