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

(RTTNews) - The J. M. Smucker Company (SJM) released earnings for its second quarter that increased from last year.

The company's earnings totaled $211.2 million, or $1.85 per share. This compares with $188.5 million, or $1.66 per share, in last year's second quarter.

Excluding items, The J. M. Smucker Company reported adjusted earnings of $257.5 million or $2.26 per share for the period.

Analysts had expected the company to earn $2.13 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 3.0% to $1.96 billion from $2.02 billion last year.

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

-Earnings (Q2): $257.5 Mln. vs. $246.5 Mln. last year. -EPS (Q2): $2.26 vs. $2.17 last year. -Analysts Estimate: $2.13 -Revenue (Q2): $1.96 Bln vs. $2.02 Bln last year.

-Guidance: Full year EPS guidance: $8.10 - $8.30

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Latest Markets Videos