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Weaker-than-Expected Q2 2019 Results Dented J.M. Smucker Stock

Adrian Stevens
Weaker-than-Expected Q2 2019 Results Dented J.M. Smucker Stock

On November 28, the J.M. Smucker Company (SJM) reported lower-than-expected earnings results for the second quarter of fiscal 2019, which ended on October 31. The company also lowered its full-year EPS outlook, which didn’t sit well with investors. SJM fell 7.2% following the soft second-quarter results.