Toro reports 41% drop in Q2 profit

05/22/2009 | Forbes · American City Business Journals

The Toro Co. reported net earnings of $36.9 million for the second quarter ended May 1, a 41% drop from $62.8 million for the same quarter last year. However, the company's per-share earnings exceeded analysts' expectations. The lawn and garden power equipment manufacturer lowered its earnings estimate for the remainder of 2009.

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Forbes · American City Business Journals

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