27.02.2024 13:03:52 - dpa-AFX: The J. M. Smucker Company Q3 Profit Decreases, but beats estimates
WASHINGTON (dpa-AFX) - The J. M. Smucker Company (SJM) revealed earnings for
third quarter that decreased from last year but beat the Street estimates.
The company's bottom line came in at $120.4 million, or $1.13 per share. This
compares with $208.5 million, or $1.95 per share, in last year's third quarter.
Excluding items, The J. M. Smucker Company reported adjusted earnings of $262.6
million or $2.48 per share for the period.
Analysts on average had expected the company to earn $2.27 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 0.5% to $2.23 billion from $2.22
billion last year.
The J. M. Smucker Company earnings at a glance (GAAP) :
-Earnings (Q3): $120.4 Mln. vs. $208.5 Mln. last year.
-EPS (Q3): $1.13 vs. $1.95 last year.
-Analyst Estimates: $2.27
-Revenue (Q3): $2.23 Bln vs. $2.22 Bln last year.
-Guidance:
Full year EPS guidance: $9.45 - $9.65
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