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Benzinga
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These Analysts Boost Their Forecasts On Toro Following Q3 Results

1. Toro's Q3 net sales fell 2% year-over-year to $1.13 billion. 2. Net earnings dropped from $119.3 million to $53.5 million this quarter. 3. Adjusted earnings per share of $1.24 beat analyst expectations of $1.22. 4. Revised guidance for FY2025 indicates lower earnings expectations at $4.15 per share. 5. Toro shares rose 1.9% to $82.18 following the earnings announcement.

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FAQ

Why Neutral?

Despite beating EPS estimates, declining sales and earnings hurt sentiment, akin to past mixed performance periods.

How important is it?

The mixed results and revised guidance indicate significant potential for short-term fluctuations in TTC's stock price.

Why Short Term?

Immediate analyst reactions and stock price movements suggest a short-term impact following the earnings report.

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