Smucker Earnings Exceed Wall Street Projections

The company posted $2.2 billion in revenue for its fiscal second quarter.

I Stock 1303779939

ORRVILLE, Ohio (AP) —J.M. Smucker Co. on Monday reported fiscal second-quarter earnings of $191.1 million.

The 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.

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