J.M. Smucker stock jumps on Q3 earnings beat, raised EPS outlook

J.M. Smucker Co.’s SJM stock jumped 2.5% before market open Tuesday after the company beat analysts’ earnings estimate in its third-quarter results and raised its full year earnings outlook. The consumer and pet foods company, whose brands include Folgers, Jif and Milk-Bone, reported third quarter net income of $208.5 million, or $1.95 a share, up from $69.7 million, or $0.64 a share in the year-ago quarter. On an adjusted basis, J.M. Smucker earned $2.

5% before market open Tuesday after the company beat analysts’ earnings estimate in its third-quarter results and raised its full year earnings outlook. The consumer and pet foods company, whose brands include Folgers, Jif and Milk-Bone, reported third quarter net income of $208.5 million, or $1.95 a share, up from $69.7 million, or $0.64 a share in the year-ago quarter. On an adjusted basis, J.M. Smucker earned $2.21 a share, compared with the FactSet consensus of $2.13 a share.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

5 things to know before the stock market opens TuesdayHere are the most important news items that investors need to start their trading day. You state Trumps claims of election fraud were patently untrue as a matter of fact. The question is, were they material?
Source: CNBC - 🏆 12. / 72 Read more »