Lawn Mower Maker Toro Stock Sinks on Weaker-Than-Expected Results, Outlook

Key Takeaways Toro Company missed third-quarter earnings and revenue estimates as both homeowners and businesses pulled back on purchases. The maker of lawn mowers and snowblowers also reduced its full-year profit and sales forecasts. CEO Richard Olsen said the results were impacted by macroeconomic pressures. Toro Company (TTC) shares sank Thursday as the manufacturer of lawn mowers and snowblowers reported worse-than-expected results and guidance on falling demand for its products amid what Chief Executiv ...