Toro Company (TTC) shares surged 5.07% in pre-market trading on Wednesday after the company reported better-than-expected fourth-quarter earnings and sales.

The lawn equipment maker posted adjusted earnings of $0.91 per share, surpassing the analyst consensus estimate of $0.87. Quarterly sales came in at $1.066 billion, also beating expectations of $1.048 billion. Despite a slight year-over-year decline in earnings and sales, the results exceeded forecasts, boosting investor confidence.

Toro also provided an optimistic outlook for fiscal 2026, forecasting adjusted earnings of $4.35 to $4.50 per share and net sales growth of 2% to 5%. Analysts had expected $4.66 per share, but the company's strong performance in its Professional segment and cost-saving measures helped offset higher material costs, driving the stock higher.