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Why Toro Shares Are Down This Week

TheMotleyFool

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Why Toro Shares Are Down This Week: https://g.foolcdn.com/editorial/images/789812/lawn-mower-lawns-getty.jpg

Macroeconomic concerns have eaten into results at Toro (NYSE: TTC), and investors are not waiting around for greener pastures.

Shares of Toro were down 12% for the week as of 1:30 ET on Thursday, according to data provided by S&P Global Market Intelligence, following news about the company's most recent quarter.

Toro makes equipment for lawn care and other outdoor tasks. The company earned $1.18 per share in its fiscal third quarter ending Aug. 2 on sales of $1.16 billion. That fell short of Wall Street's consensus estimates of $1.18 per share in earnings on sales of $1.26 billion.

Source Fool.com