Scotts: Fiscal Q1 Earnings Snapshot
MARYSVILLE, Ohio (AP) — MARYSVILLE, Ohio (AP) — Scotts Miracle-Gro Co. (SMG) on Wednesday reported a loss of $80.5 million in its fiscal first quarter.
The Marysville, Ohio-based company said it had a loss of $1.42 per share. Losses, adjusted for asset impairment gains, were $1.45 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $1.62 per share.
The lawn and garden products company posted revenue of $410.4 million in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $423.3 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SMG at https://www.zacks.com/ap/SMG
