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Toro: Fiscal Q3 Earnings Snapshot

BLOOMINGTON, Minn. (AP) — BLOOMINGTON, Minn. (AP) — Toro Co. (TTC) on Thursday reported fiscal third-quarter profit of $77 million.

The Bloomington, Minnesota-based company said it had profit of 81 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.33 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.

The landscaping, maintenance and irrigation equipment maker posted revenue of $1.23 billion in the period.

Toro expects full-year earnings in the range of $4.60 to $4.65 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TTC at https://www.zacks.com/ap/TTC

Across US history, the AP has watched, chronicled and helped people understand a complex world

NEW YORK (AP) — Precisely 180 years ago, a handful of New York news executives looking to save money on coverage had an idea. Today, it is called The Associated Press. Five newspaper publishers in New York City agreed in 1846 to pool resources in order to speed the delivery of news about the U.S. war with Mexico using a pony-express relay through Alabama to a telegraph office. Those beginnings gave birth to an organization that in many ways became the backbone of the news industry. The AP claims some 4 billion people, nearly half of the world’s population, see news produced by the company on a typical day. Many don’t realize that. For most of its history, the AP has effectively been a utility, providing material for other news outlets to print, broadcast or carry online, its journalists largely anonymous. AP reporters weren’t even identified with bylines until World War I. But the company has chronicled the nation’s big moments for much of the 250-year history of the American republic.
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