Toro Q3 2024 Adj. EPS $1.18 Misses $1.22 Estimate, Sales $1.156B Miss $1.259B Estimate
Portfolio Pulse from Benzinga Newsdesk
Toro (NYSE:TTC) reported Q3 2024 earnings of $1.18 per share, missing the $1.22 estimate. Sales were $1.156 billion, below the $1.259 billion estimate. Despite missing estimates, earnings and sales increased from the previous year.
September 05, 2024 | 12:35 pm
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Toro's Q3 2024 earnings and sales missed analyst estimates, with EPS at $1.18 vs. $1.22 expected and sales at $1.156B vs. $1.259B expected. Despite the miss, both metrics showed year-over-year growth.
Toro's earnings and sales both missed analyst expectations, which is typically viewed negatively by investors and could lead to a short-term decline in stock price. However, the year-over-year growth in both earnings and sales may mitigate some negative sentiment.
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