CORRECTION: Toro Q1 Adj. EPS $0.64 Misses $0.66 Estimate, Sales $1.02B Miss $1.04B Estimate
Portfolio Pulse from Benzinga Newsdesk
Toro reported its Q1 adjusted earnings per share (EPS) at $0.64, missing the estimated $0.66. Sales were reported at $1.02 billion, also missing the estimated $1.04 billion.
March 07, 2024 | 1:39 pm
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NEGATIVE IMPACT
Toro's Q1 earnings and sales missed estimates, with an adjusted EPS of $0.64 against an estimate of $0.66 and sales of $1.02B vs. $1.04B expected.
Missing both earnings and sales estimates can negatively impact investor sentiment and potentially lead to a short-term decline in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100