Smucker: Fiscal Q2 Earnings Snapshot
ORRVILLE, Ohio (AP) — ORRVILLE, Ohio (AP) — J.M. Smucker Co. (SJM) on Tuesday reported fiscal second-quarter earnings of $194.9 million.
On a per-share basis, the Orrville, Ohio-based company said it had profit of $1.90. Earnings, adjusted for one-time gains and costs, were $2.59 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.47 per share.
The food maker posted revenue of $1.94 billion in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $1.96 billion.
Smucker expects full-year earnings in the range of $9.25 to $9.65 per share.
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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 SJM at https://www.zacks.com/ap/SJM
