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Toro Co. TTC, +0.96% said Wednesday its fourth-quarter net income nearly doubled to $117.6 million, or $1.12 a share, from $60.1 million, or 56 cents a share, in the year-ago quarter. Toro’s fourth-quarter revenue rose to $1.17 billion from $960.7 million last year. For fiscal 2023, Toro expects adjusted earnings of $4.70 a share to $4.90 a share, compared to the analyst estimate of $4.84 a share.

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