<< stock # 7 reports>>><<ALERT watch Stock #9 watch list at day high>> Stock #7 had excellent report, but it had already said a week ago it would exceed estimates and it did run up a bit but I'm still watching it for future entry. Stock #7 and Stock #8 perfect charts and the kind of company we'll be looking for next month during earnings season. The kinds of company you'll never see on the SI threads and definitely not for traders. Already researching them for July. That is part of the 'research' I've been doing in the last few weeks.. #8 was a beaut this month, before during and after its report.
#4 Watch list today, I held for 6 weeks, together with HLIT, GALT, CREE and ETEK.. sold them all and waiting to rebuy. After I sold HLIT it was up about another 3 but since they all are corrected and looking for the bottom. I also like number 11.
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Toro's First Half up Sharply Due to Strong Business Growth and Recovery Programs
BLOOMINGTON, Minn., May 26 /PRNewswire/ -- The Toro Company (NYSE: TTC - news) today reported substantial improvement in second quarter and first
half results for the period ending April 30, 1999, due to strong business growth and recovery programs begun last year as part of its profit improvement plan.
Earnings per dilutive share for the quarter were $1.83 compared to $1.53 per dilutive share for the same period last year, an increase of 19.6 percent. Earnings per
dilutive share for the first half of fiscal 1999 were $1.88 versus $1.45 for the same period last year, an increase of 29.7 percent. Net income for the second quarter
was $24.1 million compared to $20.1 million for the same period last year, an increase of 19.9 percent. Net income for the first half was $24.9 million, an increase of
31.0 percent over the $19.0 million recorded in the first half last year.
Net sales for the quarter were $433.1 million compared to $379.7 million for the second quarter last year, an increase of 14.1 percent. Net sales for the first half
were $683.9 million, compared to $589.7 million for the first half last year, an increase of 16.0 percent.
''Toro is off to a great start in 1999 because our businesses are growing and our recovery programs are contributing solidly to the bottom line,'' said Kendrick B.
Melrose, chairman and chief executive officer of Toro. ''We are particularly pleased with the turnaround in the consumer division, and with our overall improvement
in expense control and asset management.'' |
