WASHINGTON (dpa-AFX) - The J. M. Smucker Company (SJM) released a profit for fourth quarter that fell from the same period last year.
The company's bottom line totaled $147.0 million, or $1.35 per share. This compares with $226.3 million, or $1.98 per share, in last year's fourth quarter.
Excluding items, The J. M. Smucker Company reported adjusted earnings of $205.5 million or $1.89 per share for the period.
Analysts had expected the company to earn $1.67 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 8.1% to $1.92 billion from $2.09 billion last year.
The J. M. Smucker Company earnings at a glance:
-Earnings (Q4): $205.5 Mln. vs. $293.4 Mln. last year. -EPS (Q4): $1.89 vs. $2.57 last year. -Analysts Estimate: $1.67 -Revenue (Q4): $1.92 Bln vs. $2.09 Bln last year.
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