WASHINGTON (dpa-AFX) - The J. M. Smucker Company (SJM) revealed a profit for second quarter that dropped from the same period last year.
The company's bottom line totaled $206.0 million, or $1.90 per share. This compares with $230.8 million, or $2.02 per share, in last year's second quarter.
Excluding items, The J. M. Smucker Company reported adjusted earnings of $263.8 million or $2.43 per share for the period.
Analysts had expected the company to earn $2.04 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 1.0% to $2.05 billion from $2.03 billion last year.
The J. M. Smucker Company earnings at a glance:
-Earnings (Q2): $263.8 Mln. vs. $273.2 Mln. last year. -EPS (Q2): $2.43 vs. $2.39 last year. -Analysts Estimate: $2.04 -Revenue (Q2): $2.05 Bln vs. $2.03 Bln last year.
-Guidance: Full year EPS guidance: $8.35 - $8.75
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