The Toro Co., joining other manufacturers, has reduced its second-quarter earnings forecast, blaming the economic slowdown, fewer orders and a stalled spring season. The company said it expects to earn $1.55 to $1.60 per share instead of the $1.87 to $1.93 per share it previously expected or the $1.77 it earned in the same period a year ago. "We are disappointed in having to reduce our earnings outlook, but we believe these market conditions will persist for the remainder of the year," said Michael Hoffman, CEO and chairman.

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