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Shares of Toro (TTC -3%) slide after its FQ4 top line result missed estimates this morning. Net...
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Wednesday, December 5, 2012, 12:51 PM ETShares of Toro (TTC -3%) slide after its FQ4 top line result missed estimates this morning. Net earnings dropped 95% as weather conditions hurt the grounds-care equipment maker's sales. The company also lowered guidance for FY13, citing challenges in Europe. It now expects revenue growth to be about 4% to 5%. Earnings are anticipated to be $2.35 - $2.40 per share, below Street estimates of $2.44.
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