Daily Journal masthead

Smucker tops 2Q profit expectations, meets revenue forecasts


ORRVILLE, Ohio — J.M. Smucker Co. (SJM) on Thursday reported fiscal second-quarter profit of $176 million.

The Orrville, Ohio-based company said it had net income of $1.47 per share. Earnings, adjusted for non-recurring costs, came to $1.62 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.52 per share.

The food maker posted revenue of $2.08 billion in the period, which matched Street forecasts.

Smucker expects full-year earnings in the range of $5.70 to $5.80 per share, with revenue expected to be $7.9 billion.

Smucker shares have risen 12 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 1 percent. The stock has risen 11 percent in the last 12 months.


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 http://www.zacks.com/ap/SJM


Keywords: Smucker, Earnings Report

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.

We also have more stories about:
(click the phrases to see a list)





Follow Daily Journal:

All content copyright ©2015 Daily Journal, a publication of AIM Media Indiana unless otherwise noted.
All rights reserved. Privacy policy.