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The J. M. Smucker Company Q2 adjusted earnings Miss Estimates


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(RTTNews.com) - The J. M. Smucker Company ( SJM ) announced earnings for second quarter that dropped from the same period last year.

The company's earnings totaled $188.5 million, or $1.66 per share. This compares with $194.6 million, or $1.71 per share, in last year's second quarter.

Excluding items, The J. M. Smucker Company reported adjusted earnings of $246.5 million or $2.17 per share for the period.


Analysts had expected the company to earn $2.34	 per share, according to 

figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.2% to $2.02 billion from $1.92 billion last year.

The J. M. Smucker Company earnings at a glance:

-Earnings (Q2): $246.5 Mln. vs. $229.5 Mln. last year. -EPS (Q2): $2.17 vs. $2.02 last year. -Analysts Estimate: $2.34

-Revenue (Q2): $2.02 Bln vs. $1.92 Bln last year.

<b>-Guidance</b>:

Full year EPS guidance: $8.00 - $8.20
Full year revenue guidance: $7.9 Bln

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This article appears in: Fundamental Analysis , World Markets , Stocks , Earnings
Referenced Symbols: SJM



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