Smucker: Fiscal Q2 Earnings Snapshot
ORRVILLE, Ohio (AP) _ J.M. Smucker Co. (SJM) on Monday reported fiscal second-quarter earnings of $191.1 million.
The Orrville, Ohio-based company said it had net income of $1.79 per share. Earnings, adjusted for one-time gains and costs, were $2.40 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.19 per share.
The food maker posted revenue of $2.21 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $2.16 billion.
Smucker expects full-year earnings in the range of $8.35 to $8.75 per share.
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