Here's Why Shares of The Toro Company Climbed 12% in September
Extending their 6% rise in August, shares of The Toro Company (NYSE: TTC) rose 12% in September, according to data from S&P Global Market Intelligence. In addition to rejoicing at the company's third-quarter earnings report, investors also responded favorably to the news of positive sentiment regarding the stock from Wall Street.
Beating analysts' consensus revenue estimate of $773 million, The Toro Company reported sales of $841 million for Q3 2020. While the company reported an 8% year-over-year decrease in sales from its professional segment, the residential segment reported sales of $205 million, representing a 38% increase over the same period in 2019.
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Source Fool.com
