By Kelly Cloonan
Shares of Toro rose after the company logged better-than-expected results in its latest quarter, helped by strength in its professional segment.
The stock climbed 8.5% to $78.83 on Wednesday. Shares are down 1.6% this year.
The company, which provides turf maintenance and snow management solutions, posted a profit of $73 million, or 74 cents a share, down from $89.9 million, or 87 cents a share, a year earlier.
Adjusted earnings per share were 91 cents, ahead of estimates of 87 cents a share according to analysts polled by FactSet.
Sales ticked down 1% to $1.07 billion, but topped analyst estimates of $1.05 billion.
The results were driven by strength in Toro's professional segment as well as investments to boost productivity, Chief Executive Richard Olson said.
For the fiscal year, the company expects adjusted earnings of $4.35 to $4.50 per share and sales growth of 2% to 5%. Analysts had been looking for adjusted per-share earnings of $4.67 and for sales to rise 3.8%.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
December 17, 2025 12:04 ET (17:04 GMT)
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