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.

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