Toro Co Q1 Profit Decreases, But Beats Estimates

(RTTNews) - Toro Co (TTC) announced a profit for first quarter that decreased from last year but beat the Street estimates.

The company's bottom line came in at $52.8 million, or $0.52 per share. This compares with $64.9 million, or $0.62 per share, last year.

Excluding items, Toro Co reported adjusted earnings of $65.9 million or $0.65 per share for the period.

Analysts on average had expected the company to earn $0.63 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 0.6% to $995 million from $1.001 billion last year.

Toro Co earnings at a glance (GAAP) :

-Earnings: $52.8 Mln. vs. $64.9 Mln. last year. -EPS: $0.52 vs. $0.62 last year. -Revenue: $995 Mln vs. $1.001 Bln last year.