Toro Q4 Earnings Miss Estimates, Professional Segment Sales Rise Y/Y
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Toro's Q4 earnings missed estimates, but the company reported a year-over-year increase in net sales, particularly in its Professional segment. Toro projects fiscal 2025 net sales growth of 0-1% and adjusted EPS between $4.25 and $4.40.
December 19, 2024 | 2:30 pm
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Toro's Q4 earnings missed estimates, but net sales increased year-over-year, driven by the Professional segment. The company projects modest growth for fiscal 2025.
Toro's Q4 earnings miss could negatively impact short-term stock price, but the year-over-year sales increase and positive projections for fiscal 2025 may offset this. The Professional segment's growth is a positive indicator.
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