The Toro Company (NYSE:TTC) delivered fourth-quarter fiscal 2017 (ended Oct 31, 2017) earnings of 31 cents per share, up 15% from 27 cents recorded in the year-ago quarter. Additionally, earnings comfortably beat the Zacks Consensus Estimate of 27 cents.
Toro’s net sales were up 4.3% year over year to $488.6 million in the quarter. The top line also beat the Zacks Consensus Estimate of $474 million.
Cost of sales in the quarter went up 2.8% year over year to $304.4 million. Gross profit came in at $184.3 million, up 7% year over year. Gross margin improved 90 basis points (bps) year over year to 37.7%, primarily supported by favorable operational productivity and foreign currency exchange rates, partially offset by higher commodity costs.
Toro Company (The) Price, Consensus and EPS Surprise
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