09:01 AM EDT, 06/06/2024 (MT Newswires) -- Toro (TTC) reported fiscal Q2 adjusted net earnings Thursday of $1.40 per diluted share, down from $1.58 a year earlier.

Analysts polled by Capital IQ expected $1.29.

Net sales for the quarter ended May 3 were $1.35 billion, up from $1.34 billion a year earlier.

Analysts polled by Capital IQ expected $1.34 billion.

For fiscal year 2024, the company said it continues to expect adjusted earnings in the range of $4.25 to $4.35 per diluted share on low single-digit net sales growth from a year earlier. Analysts surveyed by Capital IQ are expecting adjusted earnings of $4.28 on revenue of $4.65 billion.

Shares of the company were up 6% in recent Thursday premarket activity.

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