— The lawn products company's stock rose 5% in extended trading after Scotts Miracle-Gro revised its fiscal 2020 guidance. The company increased sales and earnings guidance based on higher product demand. Scotts Miracle-Gro now expects sales growth in the range of 16% to 18% for the fiscal year after giving guidance in May that anticipated an increase of 6% to 8%.
It also estimates adjusted non-GAAP earnings to be in the range of $5.65 to $5.85 per share compared to previous guidance of $4.95 to $5.15 per share.
what goes up must go down especially bankrupt companies there is a good reason a company files for bankruptcy!
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