8/23/2013

Toro's total sales for its fiscal third quarter reached $509.9 million, with residential sales climbing because of fair weather. Demand rose for the company's lawn mowers and hedge clippers, but its professional equipment sales weakened as customers put off buying the cleaner diesel mowers that companies are now required to make. For the quarter, earnings reached $40.1 million, compared with $40.5 million last year, but Toro raised its sales forecast to predict a 4% increase from last year, with a 19% increase in earnings.

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