Toro Announces Earnings

Outdoor equipment maker Toro (TTC) announced that it earned $251,000 for the most fiscal quarter, breaking even on a per share basis. In the same period last year, the company earned $5 million, or 8 cents per share. Revenue declined by eight percent to $339.3 million from $368.1 million. Gross margin increased by 33.3 percent. The company earned $129.5 million for the full year, or $2.14 per share, up from $117.7 million, or $185 per share, in the same period last year.