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ORRVILLE, Ohio (AP) — J.M. Smucker Co. on Thursday reported a loss of $662.3 million in its fiscal third quarter.
The Ohio company said it had a loss of $6.22 per share. Earnings, adjusted for one-time gains and costs, were $2.61 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.37 per share.
The food maker posted revenue of $2.19 billion in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $2.22 billion.
Smucker expects full-year earnings in the range of $9.85 to $10.15 per share.
