Smucker Earnings Top Forecasts

The company posted revenue of $2.2 billion in its latest quarter.

I Stock 171224900

ORRVILLE, Ohio (AP) β€” J.M. Smucker Co. on Tuesday reported fiscal third-quarter net income of $208.5 million.

On a per-share basis, the Ohio-based company said it had net income of $1.95. Earnings, adjusted for one-time gains and costs, came to $2.21 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.13 per share.

The food maker posted revenue of $2.22 billion in the period, meeting Street forecasts.

Smucker expects full-year earnings in the range of $8.55 to $8.75 per share.

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