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Toro Company missed Q3 earnings and revenue estimates due to falling demand. Professional segment sales declined 1.7%, impacting overall performance negatively. Full-year net sales growth forecast reduced to 1%, below previous expectations. Adjusted EPS guidance lowered, signaling weaker financial outlook for the company. Shares dropped 10% post-earnings, reflecting market reaction to poor results.
- Toro Company missed Q3 earnings and revenue estimates due to falling demand.
- Professional segment sales declined 1.7%, impacting overall performance negatively.
- Full-year net sales growth forecast reduced to 1%, below previous expectations.
- Adjusted EPS guidance lowered, signaling weaker financial outlook for the company.
- Shares dropped 10% post-earnings, reflecting market reaction to poor results.
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